Document:

EX-10.6

CINCINNATI MILACRON INC.

1994 Long-Term Incentive Plan

As Amended October 1, 2007

Section 1. GENERAL PROVISIONS

	1.1	 	Purposes

The purposes of the 1994 Long-Term Incentive Plan (the “Plan”) of Cincinnati Milacron Inc.
(the “Company”) are to promote the interests of the Company and its shareowners by (i) helping
to attract and retain individuals of outstanding ability; (ii) strengthening the Company’s
capability to develop, maintain and direct a competent management team; (iii) motivating key
employees, by means of performance-related incentives; (iv) providing incentive compensation
opportunities which are competitive with those of other major corporations; and (v) enabling
such individuals to participate in the long-term growth and financial success of the Company.

	1.2	 	Definitions

“Affiliate” — means any corporation or other entity which is not a Subsidiary but as to which
the Company possesses a direct or indirect ownership interest and has power to exercise
management control.

“Award” — means a Stock Option grant, a Restricted Stock grant and/or a Performance Award
under the Plan.

“Board of Directors” — means the board of directors of the Company.

“Code” — means the Internal Revenue Code of 1986, as it may be amended from time to time.

“Committee” — means those members of the Personnel and Compensation Committee of the Board of
Directors, none of whom are Participants except under Section 5 herein, who are disinterested
with regard to the Plan as set forth in Rule 16b of the Exchange Act and who qualify as an
outside director pursuant to Code Section 162(m) and any regulations issued thereunder.

“Common Stock” — means the common shares of the Company.

“Corporation” — means the Company, its divisions, Subsidiaries and Affiliates.

“Cost of Capital” — means dividends paid by the Company on its preferred and common stock
adjusted to a pre-tax basis plus consolidated pre-tax interest expense.

“Director” — means a member of the Board of Directors of the Company.

“Disability Date” — means the date on which a Participant is deemed disabled under the
employee benefit plans of the Corporation applicable to the Participant.

“Employee” — means any salaried employee of the Corporation.

“EVA” — means Economic Value Added, which is the amount by which the before-tax earnings
before interest costs exceeds or is less than the Cost of Capital as approved by the Board of
Directors and the Company’s independent auditors.

“Exchange Act” — means the Securities Exchange Act of 1934, as amended.

“Fair Market Value” — means, as of any particular date, (i) the closing sale price per share
of Common Stock as reported on the principal exchange on which Common Stock of the Company is
then trading, if any, or if there are no sales on such day, on the next preceding trading day
during which a sale occurred, or (ii) if clause (i) does not apply, the fair market value of a
share of Common Stock as determined by the Committee.

“Incentive Stock Options” — means Stock Options which constitute “incentive stock options”
under Section 422 (or any successor section) of the Code.

“Non-Employee Director” — means a Director who is not an Employee.

“Non-Qualified Stock Options” — means Stock Options which do not constitute Incentive Stock
Options.

“Participant” — means an Employee who is selected by the Committee to receive an Award under
the Plan.

“Performance Award” — means an award of cash or Common Stock pursuant to Section 4.

“Performance Cycle” — means a fiscal year of the Company in which this Plan is in effect.

“Restricted Period” — means the period of up to three (3) years selected by the Committee
during which a grant of Restricted Stock may be forfeited to the Company.

“Restricted Stock” — means shares of Common Stock contingently granted to a Participant under
Sections 3, 4 or 5 of the Plan.

“Retirement Date” — means the actual date of retirement from the Company (i) for those
Participants who have attained age 55 and have at least ten Years of Credited Service (as that
term is defined in the Cincinnati Milacron Retirement Plan); or, (ii) as may be determined
under a temporary early retirement program.

“Return on Capital” — means the pre-tax earnings of the Corporation as approved by the
Committee plus consolidated pre-tax interest expense.

“Share Value” — means the average of the Fair Market Value of the Common Stock for the two
month period following the end of the Performance Cycle.

“Stock Options” — means an Incentive Stock Option and/or a Non-Qualified Stock Option granted
under Section 2 of the Plan.

“Subsidiary” — means any corporation in which the Company possesses directly or indirectly
fifty percent (50%) or more of the total combined voting power of all classes of its stock.

	1.3	 	Administration

The Plan shall be administered by the Committee, which shall at all times consist of three or
more members. The Committee shall have sole and complete authority to adopt, alter and repeal
such administrative rules, guidelines and practices governing the operation of the Plan as it
shall from time to time deem advisable, and to interpret the terms and provisions of the Plan.
The Committee’s decisions are binding upon all parties.

	1.4	 	Eligibility

All Employees who have demonstrated significant management potential or who have contributed
in a substantial measure to the successful performance of the Corporation, as determined by
the Committee, are eligible to be Participants in the Plan. Also, in instances where another
corporation or other business entity is being acquired by the Company, and the Company has
assumed outstanding employee option grants and/or the obligation to make future or potential
grants under a prior existing plan of the acquired entity, adjustments are permitted at the
discretion of the Committee subject to Section 1.5(a) below. Awards to Employees are made at
the discretion of the Committee. Non-Employee Directors shall also participate pursuant to
Section 5 herein.

	1.5	 	Shares Reserved

	 	(a)	 	There shall be reserved for grant pursuant to the Plan a total of 2,000,000 shares
of Common Stock. In the event that (i)a Stock Option expires or is terminated unexercised
as to any shares covered thereby, or (ii) Restricted Stock grants, other than those to
the Company’s officers and Non-Employee Directors, are forfeited or unearned for any
reason under the Plan, such shares shall thereafter be again available for grant pursuant
to the Plan.

	 	(b)	 	In the event of any change in the outstanding shares of Common Stock by reason of
any stock dividend or split, recapitalization, merger, consolidation, spin-off,
combination or exchange of shares or other corporate change, or any distributions to
common shareholders other than cash dividends, the Committee shall make such substitution
or adjustment, if any, as it deems to be equitable, as to the number or kind of shares of
Common Stock or other securities granted or reserved for grant pursuant to the Plan, the
number of outstanding Stock Options and the option price thereof, and the number of
payable Performance Awards and shares of Restricted Stock.

	1.6	 	Change of Control

Change of Control shall mean -

	 	•	 	a Person or Group other than a trustee or other fiduciary of securities held under an
employee benefit plan of the Company or any of its subsidiaries, is or becomes a
Beneficial Owner, directly or indirectly, of stock of the Company representing 20% or
more of the total voting power of the Company’s then outstanding stock and securities;
provided, however, that for purposes of this subsection (a), the
following acquisitions shall not constitute a Change of Control: (i) any acquisition
directly from the Company, (ii) any acquisition by the Company, (iii) any acquisition by
any employee benefit plan (or related trust) sponsored or maintained by the Company or
any corporation controlled by the Company or (iv) any acquisition by any corporation
pursuant to a transaction which complies with clause (i) of section (c) of this section;

	 	•	 	individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”),
cease for any reason to constitute a majority thereof; provided, however,
that any individual becoming a director whose election, or nomination for election by the
Company’s stockholders, was approved by a vote of at least 60% of the directors then
comprising the Incumbent Board shall be considered as though such individual was a member
of the Incumbent Board, but excluding, for this purpose, any such individual whose
initial assumption of office occurs as a result of an actual or threatened election
contest with respect to the election or removal of directors or other actual or
threatened solicitation of proxies or consents by or on behalf of a Person or Group other
than the Board;

	 	•	 	there is consummated a merger, consolidation or other corporate transaction, other
than (i) a merger, consolidation or transaction that would result in the voting
securities of the Company outstanding immediately prior to such merger, consolidation or
transaction continuing to represent (either by remaining outstanding or by being
converted into voting securities of the surviving entity or any parent thereof) at least
sixy-six and two thirds percent of the combined voting power of the stock and securities
of the Company or such surviving entity or any parent thereof outstanding immediately
after such merger, consolidation or transaction, or (ii) a merger, consolidation or
transaction effected to implement a recapitalization of the Company (or similar
transaction) in which no Person or Group is or becomes the Beneficial Owner, directly or
indirectly, of stock and securities of the Company representing more than 20% of the
combined voting power of the Company’s then outstanding stock and securities;

	 	•	 	the sale or disposition by the Company of all or substantially all of the Company’s
assets other than a sale or disposition by the Company of all or substantially all of the
assets to an entity at least sixy-six and two thirds percent of the combined voting power
of the stock and securities of which is owned by Persons in substantially the same
proportions as their ownership of the Company’s voting stock immediately prior to such
sale; or

	 	•	 	the stockholders of the Company approve a plan of complete liquidation or dissolution
of the Company.

“Person” shall mean any person (as defined in Section 3(a)(9) of the Securities Exchange Act
(the “Exchange Act”), as such term is modified in Section 13(d) and 14(d) of the Exchange Act)
other than (i) any employee plan established by the Company, (ii) any affiliate (as defined in
Rule 12b-2 promulgated under the Exchange Act) of the Company, (iii) an underwriter
temporarily holding securities pursuant to an offering of such securities, or (iv) a
corporation owned, directly or indirectly, by stockholders of the Company in substantially the
same proportions as their ownership of the Company. “Group” shall mean any group as defined
in Section 14(d)(2) of the Exchange Act. “Beneficial Owner” shall mean beneficial owner as
defined in Rule 13d-3 under the Exchange Act.

In the event of a Change of Control of the Company (1) all time periods relating to the
exercise or realization of Awards shall be accelerated so that such Awards may be exercised or
realized in full beginning immediately following the Change of Control and extending for the
remaining normal exercise period, (ii) all Common Stock deferred pursuant to Section 4(c)
herein shall be released to the participant, and (iii) all Performance Awards eligible to be
earned for the outstanding Performance Cycle will be immediately payable in full.

Notwithstanding any other provision of this Plan to the contrary, and only with respect
to Awards granted on or after February 10, 2004, a “Change of Control” shall not occur solely
as a result of a financial restructuring or recapitalization of the Company that may occur
during 2004 (the “2004 Restructuring”) and, accordingly, the occurrence of the 2004
Restructuring shall not result in, among other things, (a) the accelerated vesting,
exercisability, release, realization or payment of any such Awards and (b) the deemed
satisfaction of any performance criteria related to any such Awards.

	1.7	 	Withholding

The Corporation shall have the right to deduct from all amounts paid in cash any taxes
required by law to be withheld therefrom. In the case of payments of Awards in the form of
Common Stock, the amount of any taxes required to be withheld with respect to such Common
Stock from the Participant may, at the Committee’s discretion, be paid in cash, by tender by
the Employee of the number of shares of Common Stock whose Fair Market Value equals the amount
required to be withheld or, except for Non-Employee Directors receiving Awards of Common Stock
pursuant to Section 5 herein, use of the Company’s Key Employee Withholding Tax Loan Program.

	1.8	 	Nontransferability

No Award shall be assignable or transferable except by will or the laws of descent and
distribution, and no right or interest of any Participant shall be subject to any lien,
obligation or liability of the Participant.

	1.9	 	No Right to Employment

No person shall have any claim or right to be granted an Award, and the grant of an Award
shall not be construed as giving a Participant the right to be retained in the employ of the
Corporation. Further, the Corporation expressly reserves the right at any time to dismiss a
Participant free from any liability, or any claim under the Plan, except as provided herein or
in a Stock Option or Restricted Stock agreement.

	1.10	 	Construction of the Plan

The validity, construction, interpretation, administration and effect of the Plan and of its
rules and regulations, and rights relating to the Plan, shall be determined solely in
accordance with the laws of Ohio.

	1.11	 	Amendment

	 	(a)	 	The Board of Directors may amend, suspend or terminate the Plan or any portion
thereof at anytime, provided that no amendment shall be made without stockholder approval
which shall (i) increase (except as provided in Section 1.5(b) hereof) the total number
of shares reserved for grant pursuant to the Plan, (ii) change the class of Employees
eligible to be Participants, (iii) decrease the minimum option prices stated in Section
2.1 hereof (other than to change the manner of determining Fair Market Value to conform
to any then applicable provision of the Code or regulations thereunder), or (iv) extend
the maximum period during which Non-Qualified Stock Options or Incentive Stock Options
may be exercised or reduce the restriction period for Restricted Stock Awards (except as
provided in Section 1.6 hereof).

	 	(b)	 	With the consent of the Participant adversely affected thereby, the Committee may
amend or modify any outstanding Award in any manner not inconsistent with the terms of
the Plan, including without limitation, to change the date or dates as of which (i) a
Stock Option becomes exercisable, (ii) the restrictions on shares of Restricted Stock are
removed or (iii) a Performance Award is payable.

	 	1.12	 	Authority of Committee

Subject to the provisions of the Plan, the Committee shall have the sole and complete
authority to determine the Employees to receive Awards, and:

	 	(a)	 	Stock Options. The number of shares to be covered by each Stock Option and the
conditions and limitations, if any. in addition to those set forth in Section 2.2 hereof,
applicable to the exercise of the Stock Option shall be determined by the Committee. The
Committee shall have the authority to grant Incentive Stock Options, or to grant
Non-Qualified Stock Options, or to grant both types of Stock Options.

In the case of Incentive Stock Options, the maximum aggregate Fair Market Value (at the
date of grant) of the shares, under this Plan or any other plan of the Company or a
corporation which (at the date of grant) is a parent of the Company or a Subsidiary, which
are exercisable by an Employee for the first time during any calendar year shall not
exceed $100,000 or, if different, the maximum limitation in effect at the time of grant
under Section 422 of the Code, or any successor provision.

	 	(b)	 	Restricted Stock. The number of shares of Restricted Stock to be granted to each
Participant, the duration of the Restricted Period during which and the conditions under
which the Restricted Stock may be forfeited to the Company, and the terms and conditions
of the Award in addition to those contained in Section 3.1 shall be determined by the
Committee. Such determinations shall be made by the Committee at the time of the grant.

	1.13	 	Effective Dates

The Plan shall be effective on January 2, 1994, and shall expire on the earlier of (i) a date
determined by the Board of Directors, or (ii) the full use of the shares reserved for grant
pursuant to the Plan, provided however, that the Plan shall be null and void unless approved
at the 1994 annual meeting of the shareholders of the Company.

	1.14	 	Government and Other Regulations

The obligation of the Company with respect to Awards shall be subject to all applicable laws,
rules and regulations and such approvals by any governmental agencies as may be required,
including, without limitation, the effectiveness of any registration statement required under
the Securities Act of 1933, and the rules and regulations of any securities exchange on which
the Common Stock may be listed. For so long as the Common Stock is registered under the
Exchange Act, the Company shall use its reasonable efforts to comply with any legal
requirements (a) to maintain a registration statement in effect under the Securities Act of
1933 with respect to all shares of Common Stock that may be issued to Holders under the Plan,
and (b) to file in a timely manner all reports required to be filed by it under the Exchange
Act.

	1.15	 	Non-Exclusivity

Neither the adoption of the Plan by the Board of Directors nor the submission of the Plan to
the stockholders of the Company for approval shall be construed as creating any limitations
on the power of the Board of Directors to adopt such other incentive arrangements as it may
deem desirable including, without limitation, the granting of stock options and the awarding
of stock and cash otherwise than under the Plan, and such arrangements may be either
generally applicable or applicable only in specific cases.

	1.16	 	Forfeiture Provision

If the Employee has (i) used for profit or disclosed confidential information or trade
secrets of the Company to unauthorized persons, or (ii) breached any contract with or
violated any legal obligations to the Company, or (iii) failed to make himself or herself
available to consult with, supply information to, or otherwise cooperate with the Company at
reasonable times and upon a reasonable basis, or (iv) engaged in any other activity which
would constitute grounds for his or her discharge for cause by the Company or a Subsidiary,
the Employee will forfeit all undelivered portions of an Award.

Section 2: STOCK OPTIONS

	2.1	 	Option Price

The Committee shall establish the option price at the time each Stock Option is granted, which
price shall not be less than 100% of the Fair Market Value of the Common Stock on the date of
grant. The option price shall be subject to adjustment in accordance with the provisions of
Section 1.5(b) hereof.

	2.2	 	Exercise of Options

	 	(a)	 	Except as stated in Section 2.2(c), each Stock Option by its terms shall require
the Participant to remain in the continuous employ, or service to the Board of Directors
if the individual is a Non-Employee Director and awarded Stock Options under Section 5
herein, of the Corporation for at least two years from the date of grant of the Stock
Option before any part of the Stock Option shall be exercisable. Non-Qualified Stock
Options and Incentive Stock Options may not be exercisable later than ten years after
their date of grant.

	 	(b)	 	Stock Options shall become exercisable in installments with twenty-five percent
(25%) becoming exercisable upon the second anniversary of the date of grant of the Stock
Option and additional increments of twenty-five percent (25%) of the Stock Option shall
become exercisable on each anniversary thereafter until the entire Stock Option is
exercisable.

	 	(c)	 	In the event a Participant ceases to be an Employee or a Non-Employee Director as a
result of his death, all time periods related to the exercise of any outstanding Stock
Options shall be accelerated and the Stock Options shall become exercisable immediately
following the Participant’s death and extending for the remaining normal exercise period.
In the event a Participant ceases to be an Employee or a Non-Employee Director upon the
occurrence of his Retirement Date, Disability Date, or otherwise with the consent of the
Committee, his Stock Options shall be exercisable as described in 2.2(b) above as if the
individual had remained as an Employee or Non-Employee Director. The Committee may at any
time and with regard to all Participants or any individual Participant accelerate time
periods related to the exercise of any outstanding Stock Options, and the Stock Option
shall become exercisable immediately thereafter and extending for the remaining normal
exercise period. In all other circumstances when a Participant ceases to be an Employee
or a Non-Employee Director, his rights under all Stock Options shall terminate
immediately.

	 	(d)	 	Each Stock Option shall be confirmed by a Stock Option agreement executed by the
Company and by the Participant which agreement shall designate the Stock Options granted
as Incentive Stock Options or Non-Qualified Stock Options. The option price of each share
as to which an Option is exercised shall be paid in full five (5) days from the date of
such exercise, but in no event shall the shares issued pursuant to said option exercise
be delivered to the Participant until said payment has been received by the Company. Such
payment shall be made in cash, by tender of shares of Common Stock owned by the
Participant valued at Fair Market Value as of the date of exercise, subject to such
limitations on the tender of Common Stock as the Committee may impose, pursuant to the
provisions of the Company’s Key Employee Stock Option Loan Program, if applicable, (or
any other loan program or arrangement which may be established by the Company under this
Plan, or otherwise) or by a combination of the foregoing.

	2.3	 	Maximum Number of Shares

The maximum number of shares that may be granted to any Participant under all Stock Option
Awards under this Plan during any one year shall not exceed 100,000 shares.

Section 3: RESTRICTED STOCK GRANTS

	3.1	 	The terms and conditions regarding Restricted Stock grants are as follows:

	 	(a)	 	Shares of Restricted Stock may not be sold, assigned, transferred, pledged or
otherwise encumbered, except as herein provided, during the Restricted Period.
Certificates issued in respect of shares of Restricted Stock shall be registered in the
name of the Participant and deposited by him, together with a stock power endorsed in
blank, with the Company. At the expiration of the Restricted Period, the Company shall
deliver such certificates to the Participant or his legal representative, except that the
Participant may defer receipt of his Restricted Stock under terms established by the
Committee by extending the Restricted Period.

	 	(b)	 	Except as provided in subsection (a) hereof, the Participant shall have all the
rights of a holder of Common Stock, including but not limited to the rights to receive
dividends and to vote during the Restricted Period.

	 	(c)	 	In the event a Participant ceases to be an Employee or a Non-Employee Director
during the Restricted Period as a result of his death, the restrictions imposed hereunder
shall immediately lapse with respect to such shares of Restricted Stock. In the event a
Participant ceases to be an Employee or a Non-Employee Director during the Restricted
period and upon the occurrence of his Retirement Date, Disability Date, or with the
consent of the Committee, the restrictions imposed hereunder shall continue as if the
individual had remained as an Employee or Non-Employee Director. The Committee may at any
time and with regard to all Participants or any individual Participant lapse any
restrictions imposed hereunder with respect to shares of Restricted Stock. In all other
circumstances in which a Participant ceases to be an Employee or Non-Employee Director,
all shares of Restricted Stock shall thereupon be forfeited to the Company and the
certificate or certificates representing such Restricted Stock shall be immediately
canceled.

	 	(d)	 	Each grant shall be confirmed by a Restricted Stock agreement executed by the
Company and by the Participant.

Section 4: PERFORMANCE AWARD

	 	(a)	 	The Committee shall determine which Participants are eligible to receive
Performance Awards. Performance Awards will be based on a positive EVA for the Company.
At the end of each Performance Cycle, EVA shall be determined. In the event EVA for the
Company is large enough to enable all Participants to achieve 50% of the maximum EVA
award possible under the Cincinnati Milacron Short-Term Incentive Plan, then the
Participant shall receive a performance award of 25% of his base income.

	 	(b)	 	At the Participant’s election the Performance Award may be in cash or Common Stock.

In the event the Participant elects to receive the payment in Common Stock, the
Participant will receive, via deferral account with the Company, an amount equal to the
Share Value of the number of shares equal to the Award. The shares shall be deferred until
the earlier of the Participant’s Retirement Date or the Participant’s termination from the
Company. In the event the Participant elects to receive the payment in Common Stock the
Participant will also receive an additional and equal number of shares of Restricted
Stock.

Payment will be made as soon as possible after the Company receives and the Committee
approves the report of the Company’s independent auditors.

	 	(c)	 	In the event that a potential recipient of a Performance Award ceases to be an
Employee upon the occurrence of his death, Retirement Date or Disability Date prior to
the end of the Performance Cycle, then the Performance Award under Section 4(a) above
shall be payable to the Participant or such Participant’s heirs or legal representatives
at the end of the applicable Performance Cycle. In all other circumstances in which a
Participant ceases to be an Employee, Performance Awards shall terminate and no amounts
shall be payable at any time.

	 	(d)	 	Recipients of Performance Awards may elect to defer a portion or all of a
Performance Award payment provided that the Participant’s election to defer is made prior
to the first day of the Performance Cycle (April 1 for the Performance Cycle commencing
in 1994). Amounts so deferred shall have interest credited to the Participant’s account
at rates determined by the Committee from time to time. Such election shall be
irrevocable and shall specify the date as of which deferred amounts are to be paid.

Section 5: NON-EMPLOYEE DIRECTORS

	 	(a)	 	Each individual who first is elected a Non-Employee Director after the effective
date of the Plan, but before the expiration of the Plan, shall be granted automatically
upon election an Award of 500 shares of Restricted Stock. Each individual then serving as
a Non-Employee Director shall receive a Non-Qualified Stock Option of 1,000 shares at or
about the effective date of the Plan and at the beginning of each of the Company’s fiscal
years thereafter so long as the Plan is in effect. This formula may not be amended more
than once within any six month period other than to comport with changes in the Code.

	 	 	 	(b)Notwithstanding anything contained in Section 5(a) to the contrary, effective as of July
29, 2004, Non-Employee Directors shall no longer be entitled to receive any Award under
this Plan.

Section 6: 2007 ACQUISITION TRANSACTION

	 	(a)	 	Notwithstanding any other provision of the Plan to the contrary, with respect to
any awards granted under the Plan which have not previously become vested as of October
1, 2007, the Plan and such awards are hereby amended, subject to the satisfaction of any
participant consent requirements, to provide that the acquisition of a majority of the
6.0% Series B Convertible Preferred Stock of the Company by Ohio Plastics, LLC that may
occur after October 1, 2007 and the transactions consummated in connection therewith (the
“2007 Acquisition Transaction”) shall not constitute a “Change of Control” under the Plan
and, accordingly, the occurrence of the 2007 Acquisition Transaction shall not result in
any circumstances, events or changes being triggered solely as a result of the 2007
Acquisition Transaction including, without limitation, any of the following: (a) the
accelerated vesting, exercisability, release, realization or payment of any such awards
and (b) the deemed satisfaction of any performance criteria related to such awards.

	 	(b)	 	With respect to awards granted under the Plan after February 22, 2007, the 2007
Acquisition Transaction shall not constitute a “Change of Control” under the Plan and,
accordingly, the occurrence of the 2007 Acquisition Transaction shall not result in any
circumstances, events or changes being triggered solely as a result of the 2007
Acquisition Transaction including, without limitation, any of the following: (a) the
accelerated vesting, exercisability, release, realization or payment of any such awards
and (b) the deemed satisfaction of any performance criteria related to any such awards.EX-10.7

MILACRON INC.

1997 Long-Term Incentive Plan

As Amended October 1, 2007

Section 1. GENERAL PROVISIONS

1.1 Purposes

The purposes of the 1997 Long-Term Incentive Plan (the “Plan”) of Milacron Inc. (the “Company”) are
to promote the interests of the Company and its shareowners by (i) helping to attract and retain
individuals of outstanding ability; (ii) strengthening the Company’s capability to develop,
maintain and direct a competent management team; (iii) motivating key employees by means of
performance-related incentives; (iv) providing incentive compensation opportunities which are
competitive with those of other major corporations; and (v) enabling such individuals to
participate in the long-term growth and financial success of the Company.

1.2 Definitions

“Affiliate"- means any corporation or other entity which is not a Subsidiary but as to which the
Company possesses a direct or indirect ownership interest and has power to exercise management
control.

“Award"- means a Stock Option grant, a Restricted Stock grant and/or a Performance Share Grant
under the Plan.

“Board of Directors"- means the board of directors of the Company.

“Code"- means the Internal Revenue Code of 1986, as it may be amended from time to time.

“Committee"- means those members of the Personnel and Compensation Committee of the Board of
Directors who qualify as “Non-Employee Directors” pursuant to Rule 16b-3(b)(3) issued under the
Exchange Act and who qualify as outside directors pursuant to Code Section 162(m) and any
regulations issued thereunder.

“Common Stock"- means the common shares of the Company.

“Corporation"- means the Company, its divisions, Subsidiaries and Affiliates.

“Director"- means a member of the Board of Directors of the Company.

“Disability Date"- means the date on which a Participant is deemed disabled under the employee
benefit plans of the Corporation applicable to the Participant.

“Earnings Per Share"- shall mean earnings from continuing operations before extraordinary items and
cumulative effect of changes in methods of accounting, but including or excluding any income or
expense items which, in the opinion of the Committee, are properly includable or excludable in the
determination of earnings within the intent of the Plan, reduced by the preferred dividend
requirement, divided by the number of common share used to calculate “basic earnings per share” as
that term is defined in Statement of Financial Accounting Standards No. 128. In the event that
generally accepted accounting principles for the calculation of Earnings Per Share change during
the term of a Performance Period, the number of common shares used to calculate Earnings Per Share
at the beginning and end of the Performance Period shall be determined by a method, to be chosen at
the Committee’s discretion, which shall be applied consistently throughout the Performance Period.

“Employee” — means any salaried employee of the Corporation.

“Exchange Act” — means the Securities Exchange Act of 1934, as amended.

“Fair Market Value” — means, as of any particular date, (i) the closing sale price per share of
Common Stock as reported on the principal exchange on which Common Stock of the Company is then
trading, if any, or if there are no sales on such day, on the next preceding trading day during
which a sale occurred, or (ii) if clause (i) does not apply, the fair market value of a share of
Common Stock as determined by the Committee.

“Incentive Stock Options"- means Stock Options which constitute “incentive stock options” under
Section 422 (or any successor section) of the Code.

“Initial Performance Period"- shall mean the Performance Period beginning December 29, 1996.

“Non-Employee Director"- means a Director who is not an Employee.

“Non-Qualified Stock Options” means Stock Options which do not constitute Incentive Stock Options.

“Participant"- means an Employee who is selected by the Committee to receive an Award under the
Plan.

“Performance Cycle"- means a fiscal year of the Company in which this Plan is in effect.

“Performance Period"- shall mean the three year period following the beginning of the fiscal year
in which the Performance Share Grant is awarded.

“Performance Share Grant"- shall mean a number of shares of Restricted Stock granted to the
Participant at the beginning of a Performance Period that ranges from 20% to 100%, as determined
by the Committee, of the Participant’s base earnings, not to exceed $1,000,000 for purposes of
this Plan, during the year of award divided by the average of the closing prices per share of
Common Stock during the month immediately preceding the Performance Period.

“Performance Share Multiple"- shall mean a percentage of 0%, 100%, 150% or 200% which, when
multiplied by the Performance Share Grant, results in the final number of Performance Shares
Earned by the Participant for a specific Performance Period.

“Performance Shares Earned"- shall mean the product of the Performance Share Multiple multiplied
by the Performance Share Grant.

“Restricted Period"- means the period of up to three (3) years selected by the Committee during
which a grant of Restricted Stock may be forfeited to the Company.

“Restricted Stock"- means shares of Common Stock contingently granted to a Participant under
Sections 3, 4 or 5 of the Plan.

“Retirement Date” —  means the actual date of retirement from the Company (i) for those
Participants who have attained age 55 and have at least ten Years of Credited Service (as that
term is defined in the Cincinnati Milacron Retirement Plan); or, (ii) as may be determined under a
temporary early retirement program.

“Stock Options” —  means an Incentive Stock Option and/or a Non-Qualified Stock Option granted
under Section 2 of the Plan.

“Subsidiary"- means any corporation in which the Company possesses directly or indirectly fifty
percent (50%) or more of the total combined voting power of all classes of its stock.

“Total Growth Rate"- shall mean the percentage increase in Earnings Per Share for threshold,
target and maximum levels of attainment in the third year of the Performance Period divided by the
Earnings Per Share in the year immediately prior to that Performance Period, and will be the
result of the annual compound growth rate over the three year Performance Period.

1.3 Administration

The Plan shall be administered by the Committee, which shall at all times consist of three or more
members. The Committee shall have sole and complete authority to adopt, alter and repeal such
administrative rules, guidelines and practices governing the operation of the Plan as it shall
from time to time deem advisable, and to interpret the terms and provisions of the Plan. The
Committee’s decisions are binding upon all parties.

1.4 Eligibility

All Employees who have demonstrated significant management potential or who have contributed in a
substantial measure to the successful performance of the Corporation, as determined by the
Committee, are eligible to be Participants in the Plan. Also, in instances where another
corporation or other business entity is being acquired by the Company, and the Company has assumed
outstanding employee option grants and/or the obligation to make future or potential grants under
a prior existing plan of the acquired entity, adjustments are permitted at the discretion of the
Committee subject to Section 1.5(a) below. Awards to Employees are made at the discretion of the
Committee. Non-Employee Directors shall also participate pursuant to Section 5 herein.

1.5 Shares Reserved

(a) There shall be reserved for grant pursuant to the Plan a total of 4,400,000 shares of Common
Stock. In the event that (i) a Stock Option expires or is terminated unexercised as to any shares
covered thereby, or (ii) Restricted Stock grants, are forfeited or unearned for any reason under
the Plan, such shares shall thereafter be again available for grant pursuant to the Plan.

(b) In the event of any change in the outstanding shares of Common Stock by reason of any stock
dividend or split, recapitalization, merger, consolidation, spin-off, combination or exchange of
shares or other corporate change, or any distributions to common shareholders other than cash
dividends, the Committee shall make such substitution or adjustment, if any, as it deems to be
equitable, as to the number or kind of shares of Common Stock or other securities granted or
reserved for grant pursuant to the Plan, the number of outstanding Stock Options and the option
price thereof, and the number of payable Performance Share Grants and shares of Restricted Stock.

1.6 Change of Control

“Change of Control” shall mean -

	 	•	 	a Person or Group other than a trustee or other fiduciary of
securities held under an employee benefit plan of the Company or any
of its subsidiaries, is or becomes a Beneficial Owner, directly or
indirectly, of stock of the Company representing 20% or more of the
total voting power of the Company’s then outstanding stock and
securities; provided, however, that for purposes of this subsection
(a), the following acquisitions shall not constitute a Change of
Control: (i) any acquisition directly from the Company, (ii) any
acquisition by the Company, (iii) any acquisition by any employee
benefit plan (or related trust) sponsored or maintained by the
Company or any corporation controlled by the Company or (iv) any
acquisition by any corporation pursuant to a transaction which
complies with clause (i) of section (c) of this section;

	 	•	 	individuals who, as of the date hereof, constitute the Board (the
“Incumbent Board”), cease for any reason to constitute a majority
thereof; provided, however, that any individual becoming a director
whose election, or nomination for election by the Company’s
stockholders, was approved by a vote of at least 60% of the directors
then comprising the Incumbent Board shall be considered as though
such individual was a member of the Incumbent Board, but excluding,
for this purpose, any such individual whose initial assumption of
office occurs as a result of an actual or threatened election contest
with respect to the election or removal of directors or other actual
or threatened solicitation of proxies or consents by or on behalf of
a Person or Group other than the Board;

	 	•	 	there is consummated a merger, consolidation or other corporate
transaction, other than (i) a merger, consolidation or transaction
that would result in the voting securities of the Company outstanding
immediately prior to such merger, consolidation or transaction
continuing to represent (either by remaining outstanding or by being
converted into voting securities of the surviving entity or any
parent thereof) at least sixy-six and two thirds percent of the
combined voting power of the stock and securities of the Company or
such surviving entity or any parent thereof outstanding immediately
after such merger, consolidation or transaction, or (ii) a merger,
consolidation or transaction effected to implement a recapitalization
of the Company (or similar transaction) in which no Person or Group
is or becomes the Beneficial Owner, directly or indirectly, of stock
and securities of the Company representing more than 20% of the
combined voting power of the Company’s then outstanding stock and
securities;

	 	•	 	the sale or disposition by the Company of all or substantially all of
the Company’s assets other than a sale or disposition by the Company
of all or substantially all of the assets to an entity at least
sixy-six and two thirds percent of the combined voting power of the
stock and securities of which is owned by Persons in substantially
the same proportions as their ownership of the Company’s voting stock
immediately prior to such sale; or

	 	•	 	the stockholders of the Company approve a plan of complete
liquidation or dissolution of the Company.

“Person” shall mean any person (as defined in Section 3(a)(9) of the Securities Exchange Act (the
“Exchange Act”), as such term is modified in Section 13(d) and 14(d) of the Exchange Act) other
than (i) any employee plan established by the Company, (ii) any affiliate (as defined in Rule
12b-2 promulgated under the Exchange Act) of the Company, (iii) an underwriter temporarily holding
securities pursuant to an offering of such securities, or (iv) a corporation owned, directly or
indirectly, by stockholders of the Company in substantially the same proportions as their
ownership of the Company. “Group” shall mean any group as defined in Section 14(d)(2) of the
Exchange Act. “Beneficial Owner” shall mean beneficial owner as defined in Rule 13d-3 under the
Exchange Act. “

In the event of a Change of Control of the Company (i) all time periods relating to the exercise
or realization of Awards shall be accelerated so that such Awards may be exercised or realized in
full beginning immediately following the Change of Control and extending for the remaining normal
exercise period, and (ii) Performance Share Grants shall be paid and shares related thereto
distributed as set forth in Sections 4 (d) and (h).

Notwithstanding any other provision of this Plan to the contrary, and only with respect to Awards
granted on or after February 10, 2004, a “Change of Control” shall not occur solely as a result of
a financial restructuring or recapitalization of the Company that may occur during 2004 (the “2004
Restructuring”) and, accordingly, the occurrence of the 2004 Restructuring shall not result in,
among other things, (a) the accelerated vesting, exercisability, release, realization or payment of
any such Awards and (b) the deemed satisfaction of any performance criteria related to any such
Awards; provided, however, that in the event that the 2004 Restructuring would
otherwise constitute a Change of Control but for this paragraph, any Performance Share Grants
hereunder that are outstanding as of the date of the 2004 Restructuring shall, upon a Qualifying
Termination (as defined in Section 4(h) hereof) of the recipient of such Performance Share Grant
within 24 months of the 2004 Restructuring, be paid in a lump sum cash payment (calculated assuming
attainment of the applicable maximum Total Growth Rate as provided in Section 4(h) hereunder).

1.7 Withholding

The Corporation shall have the right to deduct from all amounts paid in cash any taxes required by
law to be withheld therefrom. In the case of payments of Awards in the form of Common Stock, the
amount of any taxes required to be withheld with respect to such Common Stock from the Participant
may, at the Committee’s discretion, be paid in cash, by tender by the Employee of the number of
shares of Common Stock whose Fair Market Value equals the amount required to be withheld or,
except for Non-Employee Directors receiving Awards of Common Stock pursuant to Section 5 herein,
use of the Company’s Key Employee Withholding Tax Loan Program.

1.8 Nontransferability

No Award shall be assignable or transferable except by will or the laws of descent and
distribution, and no right or interest of any Participant shall be subject to any lien, obligation
or liability of the Participant.

1.9 No Right to Employment

No person shall have any claim or right to be granted an Award, and the grant of an Award shall
not be construed as giving a Participant the right to be retained in the employ of the
Corporation. Further, the Corporation expressly reserves the right at any time to dismiss a
Participant free from any liability, or any claim under the Plan, except as provided herein or in
a Stock Option or Restricted Stock agreement.

1.10 Construction of the Plan

The validity, construction, interpretation, administration and effect of the Plan and of its rules
and regulations, and rights relating to the Plan, shall be determined solely in accordance with
the laws of Ohio.

1.11 Amendment

(a) The Board of Directors may amend, suspend or terminate the Plan or any portion thereof at any
time, provided that no amendment shall be made without stockholder approval which shall (i)
increase (except as provided in Section 1.5(b) hereof) the total number of shares reserved for
grant pursuant to the Plan, (ii) change the class of Employees eligible to be Participants, (iii)
decrease the minimum option prices stated in Section 2.1 hereof (other than to change the manner
of determining Fair Market Value to conform to any then applicable provision of the Code or
regulations thereunder) (iv) extend the maximum period during which Non-Qualified Stock Options or
Incentive Stock Options may be exercised, or (v) reduce the restriction period for Restricted
Stock Awards (except as provided in Section 1.6 hereof).

(b) With the consent of the Participant adversely affected thereby, the Committee may amend or
modify any outstanding Award in any manner not inconsistent with the terms of the Plan, including
without limitation, to change the form of payment or the date or dates as of which (i) a Stock
Option becomes exercisable, (ii) the restrictions on shares of Restricted Stock are removed, or
(iii) a Performance Share Grant is payable.

(c) In no event shall any outstanding Award be modified in such a manner as to re-price any Stock
Option by (i) decreasing the purchase price thereof, or (ii) cancellation of any Stock Option
prior to its established terms of expiration for the purpose of replacement by a lower-priced
Stock Option, nor shall an outstanding Award of Restricted Stock be modified in a manner which
will reduce the restriction period related to the Restricted Stock.

1.12 Authority of Committee

Subject to the provisions of the Plan, the Committee shall have the sole and complete authority to
determine the Employees to receive Awards, and:

(a) Stock Options. The number of shares to be covered by each Stock Option and the conditions and
limitations, if any, in addition to those set forth in Section 2.2 hereof, applicable to the
exercise of the Stock Option shall be determined by the Committee. The Committee shall have the
authority to grant Incentive Stock Options, or to grant Non-Qualified Stock Options, or to grant
both types of Stock Options. In the case of Incentive Stock Options, the maximum aggregate Fair
Market Value (at the date of grant) of the shares, under this Plan or any other plan of the
Company or a corporation which (at the date of grant) is a parent of the Company or a Subsidiary,
which are exercisable by an Employee for the first time during any calendar year shall not exceed
$100,000 or, if different, the maximum limitation in effect at the time of grant under Section 422
of the Code, or any successor provision.

(b) Restricted Stock. The number of shares of Restricted Stock to be granted to each Participant,
the duration of the Restricted Period during which and the conditions under which the Restricted
Stock may be forfeited to the Company, and the terms and conditions of the Award in addition to
those contained in Section 3.1 shall be determined by the Committee. Such determinations shall be
made by the Committee at the time of the grant.

1.13 Effective Dates

The Plan shall be effective on December 29, 1996, and shall expire on the earlier of (i) a date
determined by the Board of Directors, or (ii) the full use of the shares reserved for grant
pursuant to the Plan, provided however, that the Plan shall be null and void unless approved at
the 1997 annual meeting of the shareholders of the Company.

1.14 Government and Other Regulations

The obligation of the Company with respect to Awards shall be subject to all applicable laws,
rules and regulations and such approvals by any governmental agencies as may be required,
including, without limitation, the effectiveness of any registration statement required under the
Securities Act of 1933, and the rules and regulations of any securities exchange on which the
Common Stock may be listed. For so long as the Common Stock is registered under the Exchange Act,
the Company shall use its reasonable efforts to comply with any legal requirements (a) to maintain
a registration statement in effect under the Securities Act of 1933 with respect to all shares of
Common Stock that may be issued to Holders under the Plan, and (b) to file in a timely manner all
reports required to be filed by it under the Exchange Act.

1.15 Non-Exclusivity

Neither the adoption of the Plan by the Board of Directors nor the submission of the Plan to the
stockholders of the Company for approval shall be construed as creating any limitations on the
power of the Board of Directors to adopt such other incentive arrangements as it may deem
desirable including, without limitation, the granting of stock options and the awarding of stock
and cash otherwise than under the Plan, and such arrangements may be either generally applicable
or applicable only in specific cases.

1.16 Forfeiture Provision

If the Employee has (i) used for profit or disclosed confidential information or trade secrets of
the Company to unauthorized persons, or (ii) breached any contract with or violated any legal
obligations to the Company, or (iii) failed to make himself or herself available to consult with,
supply information to, or otherwise cooperate with the Company at reasonable times and upon a
reasonable basis, or (iv) engaged in any other activity which would constitute grounds for his or
her discharge for cause by the Company or a Subsidiary, the Employee will forfeit all undelivered
portions of an Award.

Section 2: STOCK OPTIONS

2.1 Option Price

The Committee shall establish the option price at the time each Stock Option is granted, which
price shall not be less than 100% of the Fair Market Value of the Common Stock on the date of
grant. The option price shall be subject to adjustment in accordance with the provisions of
Section 1.5(b) hereof.

2.2 Exercise of Options

(a) Except as stated in Section 2.2(c), each Stock Option by its terms shall require the
Participant to remain in the continuous employ, or service to the Board of Directors if the
individual is a Non-Employee Director and awarded Stock Options under Section 5 herein, of the
Corporation for at least one year from the date of grant of the Stock Option before any part of
the Stock Option shall be exercisable. Non-Qualified Stock Options and Incentive Stock Options may
not be exercisable later than ten years after their date of grant.

(b) Stock Options shall become exercisable in installments with twenty-five percent (25%) of the
total Stock Option becoming exercisable upon the first anniversary of the date of grant of the
Stock Option and additional increments of twenty-five percent (25%) of the total Stock Option
grant shall become exercisable on each anniversary thereafter until the entire Stock Option is
exercisable.

(c) In the event a Participant ceases to be an Employee or a Non-Employee Director as a result of
his death, all time periods related to the exercise of any outstanding Stock Options shall be
accelerated and the Stock Options shall become exercisable immediately following the Participant’s
death and extending for the remaining normal exercise period. In the event a Participant ceases to
be an Employee or a Non-Employee Director upon the occurrence of his Retirement Date, Disability
Date, or otherwise with the consent of the Committee, his Stock Options shall be exercisable as
described in 2.2(b) above as if the individual had remained as an Employee or Non-Employee
Director and extending for the normal exercise period. The Committee may at any time and with
regard to all Participants or any individual Participant accelerate time periods related to the
exercise of any outstanding Stock Options, and the Stock Option shall become exercisable
immediately thereafter and extending for the remaining normal exercise period. In all other
circumstances when a Participant ceases to be an Employee or a Non-Employee Director, his rights
under all Stock Options shall terminate immediately.

(d) Each Stock Option shall be confirmed by a Stock Option agreement executed by the Company and
by the Participant which agreement shall designate the Stock Options granted as Incentive Stock
Options or Non-Qualified Stock Options. The option price of each share as to which an Option is
exercised shall be paid in full five (5) days from the date of such exercise, but in no event
shall the shares issued pursuant to said option exercise be delivered to the Participant until
said payment has been received by the Company. Such payment shall be made in cash, by tender of
shares of Common Stock owned by the Participant valued at Fair Market Value as of the date of
exercise, subject to such limitations on the tender of Common Stock as the Committee may impose,
pursuant to the provisions of the Company’s Key Employee Stock Option Loan Program, if applicable,
(or any other loan program or arrangement which may be established by the Company under this Plan,
or otherwise) or by a combination of the foregoing.

2.3 Maximum Number of Shares

The maximum number of shares that may be granted to any Participant under all Stock Option Awards
under this Plan during any one year shall not exceed 100,000 shares.

Section 3: RESTRICTED STOCK GRANTS

3.1 The terms and conditions regarding Restricted Stock grants are as follows:

(a) Shares of Restricted Stock may not be sold, assigned, transferred, pledged or otherwise
encumbered, except as herein provided, during the Restricted Period. Certificates issued in
respect of shares of Restricted Stock shall be registered in the name of the Participant and
deposited by him, together with a stock power endorsed in blank, with the Company. At the
expiration of the Restricted Period, the Company shall deliver such certificates to the
Participant or his legal representative, except that the Participant may defer receipt of his
Restricted Stock under terms established by the Committee by extending the Restricted Period.

(b) Except as provided in subsection (a) hereof, the Participant shall have all the rights of a
holder of Common Stock, including but not limited to the rights to receive dividends and to vote
during the Restricted Period.

(c) In the event a Participant ceases to be an Employee or a Non-Employee Director during the
Restricted Period as a result of his death, the restrictions imposed hereunder shall immediately
lapse with respect to such shares of Restricted Stock. In the event a Participant ceases to be an
Employee or a Non-Employee Director during the Restricted period and upon the occurrence of his
Retirement Date, Disability Date, or with the consent of the Committee, the restrictions imposed
hereunder shall continue as if the individual had remained as an Employee or Non-Employee
Director. The Committee may at any time and with regard to all Participants or any individual
Participant lapse any restrictions imposed hereunder with respect to shares of Restricted Stock.
In all other circumstances in which a Participant ceases to be an Employee or Non-Employee
Director, all shares of Restricted Stock shall thereupon be forfeited to the Company and the
certificate or certificates representing such Restricted Stock shall be immediately canceled.

(d) Each grant shall be confirmed by a Restricted Stock agreement executed by the Company and by
the Participant.

Section 4: PERFORMANCE SHARE GRANTS

(a) Not later than May 1 of each calendar year in which this Plan is in effect, the Committee may
make a Performance Share Grant, effective as of the beginning of the year, to any Participant
selected by the Committee. The Committee may make a Performance Share Grant to a Participant in
any given year which relates to a Performance Period already in progress. In such event, (i) the
Performance Share Grant determined under Section 4(b) shall be prorated based on the remaining
whole years of the relevant Performance Period as of the date of grant compared to the entire
length of the relevant Performance Period, (ii) the Participant shall receive Restricted Shares
immediately upon the date of grant, and, (iii) the Total Growth Rate and level of attainment
factors determined by the Committee at the beginning of the relevant Performance Period shall be
used to determine the Participant’s ultimate payout under Section 4(d) herein. If awarded not
later than May 1, the Performance Share Grant shall relate back to the beginning of the year in
which made for purposes of proration.

(b) The Committee shall, at the beginning of each Performance Period or not later than 90 days
thereafter, determine the Performance Share Grant to be made to each Participant in Restricted
Stock and establish the threshold, target and maximum levels of attainment for Total Growth Rate
during the Performance Period.

(c) If Earnings Per Share during the third year of a Performance Period are equal to or exceed the
threshold for a Total Growth Rate set by the Committee at the beginning of a Performance Period, a
Performance Share Multiple of 100%, 150% or 200% will be applied to the Performance Share Grant.
If Earnings Per Share are below the threshold level of attainment, the Performance Share Multiple
will be 0%. Below is the Total Growth Rate and the threshold, target and maximum levels of
attainment for the Initial Performance Period.

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Earnings Per Share
	 	Total	 	 	 	 	 	Performance
	Compounded
	 	Growth	 	Level of	 	Share
	Annually
	 	Rate	 	Attainment	 	Multiple
	Less than 12%
	 	Less than	 	 	 	 	 	 	0	%
	 
	 	 	40.5	%	 	 	 	 	 	 	 	 
	 
	 	At least	 	 	 	 	 	 	 	 
	 
	 	40.5% but	 	 	 	 	 	 	 	 
	At least 12%,
	 	less than	 	 	 	 	 	 	 	 
	but less than 15%
	 	 	52.1	%	 	Threshold	 	 	100	%
	 
	 	At least	 	 	 	 	 	 	 	 
	 
	 	52.1% but	 	 	 	 	 	 	 	 
	At least 15%,
	 	less than	 	 	 	 	 	 	 	 
	but less than 18%
	 	 	64.3	%	 	Target	 	 	150	%
	Equal to or greater
	 	64.3% or	 	 	 	 	 	 	 	 
	than 18%
	 	greater	 	Maximum	 	 	200	%

(d) Payment for the value of Performance Shares Earned shall be made to a Participant not later
than three months following the end of a Performance Period. If the threshold Total Growth Rate
during the Performance Period is not attained in the third year the performance goals attached to
the Performance Share Grant will not have been met and the Participant shall forfeit his
Restricted Stock. Payment related to a Performance Share Multiple of 100% shall be the lapse of
restrictions for the Participant’s Performance Share Grant and he shall receive the certificate
for unrestricted ownership of such shares. Payment related to that portion, if any, of a
Performance Share Multiple of 150% or 200% shall be as follows: a) for the first 100%, payment
shall be the transfer of unrestricted share certificates as a result of the lapse of restrictions
on the Performance Share Grant and b) for the 50% or 100% premium, payment shall be an amount of
cash equal to the value of the Performance Shares Earned in excess of the 100% multiplied by the
average of the closing prices per share of the Common Stock for the last month in the Performance
Period. In the event of a Change of Control (as defined in Section 1.6), payment shall be made as
if the maximum targets for the three year performance period had been met and shall be paid within
thirty days following the Change of Control. Such payment shall be in a cash amount equal to the
Performance Share Grant multiplied by the higher of (i) the highest average of the high and low
prices per share of the Common Stock on any date within the period commencing 30 days prior to the
Change in Control or (ii) if the Change in Control occurs as a result of a tender or exchange
offer or consummation of a corporate transaction, the highest price paid per share of Common Stock
pursuant thereto.

(e) The Committee may make adjustments from time to time in the Performance Share Multiple, in the
Total Growth Rate or in Earnings Per Share in such reasonable manner as the Committee may
determine to reflect (i) any increase or decrease in the number of issued shares of Common Stock
of the Company resulting from a subdivision or consolidation of shares or any other capital
adjustment, the payment of stock dividends or other increases or decreases in such shares effected
without receipt of consideration by the Company, (ii) material changes in the Company’s accounting
practices or principles, the effect of which would be to cause inconsistency in reporting earnings
per share, (iii) material acquisitions or dispositions, the effect of which would be to cause
fluctuations in reported earnings per share which are not within the intent of the Plan, or (iv)
extraordinary, unusual and nonrecurring items (such as restructuring charges or a disposal of a
business) which are disclosed in the published, audited financial statements; provided, however,
that no such adjustments shall be made to the extent that the Committee determines that the
adjustment would cause payment in respect of Performance Share Grant to fail to be fully
deductible by the Company on account of Section 162(m) of the Code.

(f) With respect to a Performance Share Grant, the Participant shall have the rights of a holder
of Common Stock, including but not limited to the rights to receive dividends and to vote during
the Restricted Period until such Participant ceases to be an Employee of the Corporation for any
reason other than death or termination of Employment on a Disability Date or Retirement Date.

(g) In the event a Participant ceases to be an Employee upon the occurrence of his death,
Retirement Date or Disability Date prior to the end of a Period, payment for the value of
Performance Shares Earned shall be prorated for the amount of time the Participant remained an
Employee compared to the length of the Performance Period, provided the Participant has completed
at least the first full year of the Performance Period. In such event, any prorated payment for
Performance Shares Earned shall be distributed in unrestricted share certificates or paid in cash
(depending on whether the threshold, target or maximum Total Growth Rate is attained) in
accordance with Paragraphs (c) and (d) above. In all other circumstances in which a Participant
ceases to be an Employee, Performance Share Grant shall terminate and no amounts shall be payable
at any time.

(h) If there is an event constituting a Change of Control (as defined in Section 1.6), any
outstanding Performance Share Grant shall immediately vest in the Participant to whom such
Performance Share Grant has been awarded as of the date such Change of Control occurs. If the
Participant’s employment is terminated in a Qualifying Termination within 24 months following the
Change of Control, then the Participant shall receive a lump sum cash payment equal to all cash
payments possible related to outstanding Performance Share Grants made to the Participant, as if
there has been attainment of the applicable maximum Total Growth Rate. For purposes hereof, a
“Qualifying Termination” shall mean (i) a termination of the Participant’s employment for any
reason other than for cause or disability or due to the Participant’s death, or (ii) the
Participant’s termination of employment for Good Reason. “Good Reason” shall exist in the event of
the occurrence of any of the following without the Participant’s express prior written consent:

(i) any diminution of, or the assignment to the Participant of duties inconsistent with,
the Participant’s position, duties, responsibilities and status with the Corporation
immediately prior to a Change in Control, an adverse change in the Participant’s titles or
offices as in effect immediately prior to a Change in Control, or any removal of the
Participant from, or any failure to reelect the Participant to, any of such positions,
except in connection with the Participant’s termination of employment for disability or
cause or as a result of the Participant’s death or by the Participant other than for Good
Reason;

(ii) a reduction by the Corporation in the Participant’s base salary as in effect on the
date of a Change in Control or as the same may be increased from time to time during the 24
months following a Change of Control;

(iii) the Corporation’s failure to continue any benefit plan or arrangement (including,
without limitation, the Corporation’s life insurance, post-retirement benefits, and
comprehensive medical plan coverage) in which the Participant participated at the time of a
Change in Control (or any other plans providing the Participant with substantially similar
benefits) (hereinafter referred to as “Benefit Plans”), or any action by the Corporation
that would adversely affect the Participant’s participation in or materially reduce the
Participant’s benefits under any such benefit plan or deprive the Participant of any
material fringe benefit enjoyed by the Participant at the time of a Change in Control;

(iv) the Corporation’s failure to continue in effect, or continue payments under, any
incentive plan or arrangement (including, without limitation, any equity-based plan or
arrangement) in which the Participant participated at the time of a Change in Control
(hereinafter referred to as “Incentive Plans”) or any action by the Company that would
adversely affect the Participant’s participation in any such Incentive Plans or reduce the
Participant’s benefits under any such Incentive Plans;

(v) a relocation of the Corporation’s principal executive offices to a location outside the
Cincinnati, Ohio metropolitan area or relocation of the Participant’s primary workplace to
any place other than the location at which the Participant performed the Participant’s
duties immediately prior to a Change in Control;

(vi) the Corporation’s failure to provide the Participant with the number of paid vacation
days to which the Participant was entitled at the time of a Change in Control;

(vii) the Corporation’s material breach of any Agreement entered into with the Participant;
or

(viii) the Company’s failure to 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, by agreement in form and substance satisfactory to the
Participant, to expressly assume and agree to perform this Plan 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.

Section 5: NON-EMPLOYEE DIRECTORS

(a) Each individual then serving as a Non-Employee Director shall receive a Non-Qualified Stock
Option of 2,000 shares at or about the effective date of the Plan and at the beginning of each of
the Company’s fiscal years thereafter so long as the Plan is in effect. As a portion of their
compensation, the Committee may also award to Non-Employee Directors shares of Restricted Stock,
as it may determine, not to exceed 2,000 shares per individual every three years.

(b) Notwithstanding anything contained in Section 5(a) to the contrary, effective as of July 29,
2004, Non-Employee Directors shall no longer be entitled to receive any Award under this Plan.

Section 6: 2007 ACQUISITION TRANSACTION

(a) Notwithstanding any other provision of the Plan to the contrary, with respect to any awards
granted under the Plan which have not previously become vested as of October 1, 2007, the Plan and
such awards are hereby amended, subject to the satisfaction of any participant consent
requirements, to provide that the acquisition of a majority of the 6.0% Series B Convertible
Preferred Stock of the Company by Ohio Plastics, LLC that may occur after October 1, 2007 and the
transactions consummated in connection therewith (the “2007 Acquisition Transaction”) shall not
constitute a “Change of Control” under the Plan and, accordingly, the occurrence of the 2007
Acquisition Transaction shall not result in any circumstances, events or changes being triggered
solely as a result of the 2007 Acquisition Transaction including, without limitation, any of the
following: (a) the accelerated vesting, exercisability, release, realization or payment of any
such awards and (b) the deemed satisfaction of any performance criteria related to such awards.

(b) With respect to awards granted under the Plan after February 22, 2007, the 2007 Acquisition
Transaction shall not constitute a “Change of Control” under the Plan and, accordingly, the
occurrence of the 2007 Acquisition Transaction shall not result in any circumstances, events or
changes being triggered solely as a result of the 2007 Acquisition Transaction including, without
limitation, any of the following: (a) the accelerated vesting, exercisability, release,
realization or payment of any such awards and (b) the deemed satisfaction of any performance
criteria related to any such awards.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}]]