Document:

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                                                                     Exhibit 4.6

                         [FORM OF FACE OF EXCHANGE NOTE]

         UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), NEW YORK, NEW
YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR
SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED
OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

         TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN
WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSORS NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE
LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
INDENTURE REFERRED TO ON THE REVERSE HEREOF.

                            UNITED STATES CAN COMPANY

                Series B 12 3/8% Senior Subordinated Notes Due 2010

No.                                                           U.S. $175,000,000
                                                              CUSIP No.:

         U.S. Can Corporation, a Delaware corporation, promises to pay to CEDE &
Co., or registered assigns, the principal sum of One Hundred Seventy-Five
Million Dollars ($175,000,000) on October 1, 2010.

                  Interest Payment Dates:  April 1 and October 1

                  Record Dates:  March 15 and September 15

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<PAGE>

         Additional provisions of this Security are set forth on the other side
of this Security.

Dated:                               UNITED STATES CAN COMPANY

                                     by:
                                        ---------------------------------------
                                                    President

                                     by:
                                        ---------------------------------------
                                                    Secretary

<PAGE>

                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

                                        BANK ONE TRUST COMPANY, N.A., as
                                        Trustee, certifies that this is one of
                                        the Securities referred to in
                                        the Indenture.

[seal]

                                        by:
                                           ------------------------------------
                                                   Authorized Signatory

<PAGE>

                     [FORM OF REVERSE SIDE OF EXCHANGE NOTE]

                            UNITED STATES CAN COMPANY

                Series B 12 3/8% Senior Subordinated Notes Due 2010

1.  INTEREST

         United States Can Company, a Delaware corporation (such corporation,
and its successors and assigns under the Indenture hereinafter referred to,
being herein called the "Company"), promises to pay interest on the principal
amount of this Security at the rate per annum shown above. The Company will pay
interest semiannually on April 1 and October 1 of each year. Interest on the
Securities will accrue from the most recent date to which interest has been paid
or, if no interest has been paid, from the Issue Date. Interest will be computed
on the basis of a 360-day year of 12 30-day months. The Company shall pay
interest on overdue principal at the rate borne by the Securities plus 1% per
annum, and it shall pay interest on overdue installments of interest at the same
rate to the extent lawful.

2.  METHOD OF PAYMENT

         The Company, in accordance with Section 4.01 of the Indenture, will pay
interest on the Securities (except defaulted interest) to the persons who are
registered holders of Securities ("Holder" or "Holders") at the close of
business on the Record Date next preceding the interest payment date even if
Securities are cancelled after the Record Date and on or before the interest
payment date. Holders must surrender Securities to an office or agency where
Securities may be presented for payment (the "Paying Agent") to collect
principal payments. The Securities will be payable as to principal and interest
at the office or agency of the Company maintained for such purpose within the
City and State of New York, or, at the option of the Company, payment of
interest may be made by check mailed to the Holders at their addresses set forth
in the Securities register of Holders; PROVIDED that the Company will be
required to make, by wire transfer of immediately available funds to the
accounts specified by a Holder of at least $5 million aggregate principal amount
of Securities, all payments of principal of, premium, if any, and interest with
respect to such Holder's Securities if such Holder has provided wire transfer
instructions to the Company.

3.  PAYING AGENT AND REGISTRAR

         Initially, Bank One Trust Company, N.A., a national banking association
("Trustee"), will act as Paying Agent and the office or agency where Securities
may be presented for registration or transfer or for exchange (the "Registrar").

4.  INDENTURE

         The Company issued the Securities under an Indenture dated as of
October 4, 2000 (the "Indenture"), among the Company, the Guarantors and the
Trustee. The terms of the Securities include those stated in the Indenture and
those made part of the Indenture by reference to the Trust Indenture Act of 1939
(15 U.S.C. Section 77aaa-77bbbb) as in effect on the date of the Indenture and,
to the extent required by any amendment to the Trust Indenture Act of 1939

                                       1
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after such date, as amended from time to time (the "Act"). Terms defined in the
Indenture and not defined herein have the meanings ascribed thereto in the
Indenture. The Securities are subject to all such terms, and Holders are
referred to the Indenture and the Act for a statement of those terms.

         The Securities are general unsecured obligations of the Company
limited to $275,000,000 aggregate principal amount of which $175,000,000
aggregate principal amount will be initially issued on the Closing Date
(subject to Section 2.07 of the Indenture). Subject to the conditions set
forth in the Indenture, the Company may issue up to an additional
$100,000,000 aggregate principal amount of Additional Notes. This Security is
one of the Series B 12 3/8% Senior Subordinated Notes due 2010 (the "Exchange
Notes") referred to in the Indenture. The Securities include the 12 3/8%
Senior Subordinated Notes due 2010 originally issued under the Indenture (the
"Initial Notes"), the Additional Notes and any Exchange Notes issued in
exchange for the Initial Notes. The Initial Notes, the Additional Notes and
the Exchange Notes are treated as a single class of securities under the
Indenture. The Indenture imposes certain limitations on the Company and the
Restricted Subsidiaries, including the Incurrence of additional Indebtedness,
payment of dividends or other distributions with respect to Capital Stock of
the Company, sale of assets of the Company or its Restricted Subsidiaries,
and restrictions on the ability of any Restricted Subsidiary to pay dividends
or make any other distributions in respect of its Capital Stock. In addition,
the Indenture contains certain covenants that, among other things, limit the
ability of the Company and the Guarantors to Incur Indebtedness which is
senior to or ranks PARI PASSU with the Securities or the Guarantees, as the
case may be, create certain Liens, or enter into certain mergers and
consolidations.

         The payment of principal and interest on the Securities is
unconditionally guaranteed on a senior subordinated and unsecured basis by the
Guarantors.

5.  OPTIONAL REDEMPTION

         Except as set forth in paragraphs 6 and 7, the Securities may not be
redeemed prior to October 1, 2005. On and after that date, the Company may
redeem the Securities in whole at any time or in part from time to time at the
following redemption prices (expressed in percentages of principal amount), plus
accrued interest, if any, to the redemption date (subject to the right of
Holders of record on the relevant Record Date to receive interest due on the
related interest payment date), if redeemed during the 12-month period beginning
October 1, of the years below:

         YEAR                                 PERCENTAGE
         2005...........................        106.188%
         2006...........................        104.125%
         2007...........................        102.063%
         2008 and thereafter............        100.000%

         At any time, or from time to time, on or prior to October 1, 2003, the
Company, at its option, may use all or any portion of the net cash proceeds of
one or more Public Equity Offerings (as defined below) to redeem up to 35% of
the aggregate principal amount of the

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Securities issued at a redemption price equal to 112.375% of the principal
amount thereof plus accrued and unpaid interest, if any, to the date of
redemption; PROVIDED that at least 65% of the aggregate principal amount of
Securities initially issued remains outstanding immediately after any such
redemption. In order to effect the foregoing redemption with the proceeds of any
Public Equity Offering, the Company shall make such redemption not more than 180
days after the consummation of any such Public Equity Offering.

         As used in the preceding paragraph, "Public Equity Offering" means an
underwritten public offering of the Company's Capital Stock (other than
Disqualified Stock) pursuant to a registration statement filed with the
Commission in accordance with the Securities Act or a firm commitment private
placement of Capital Stock (other than Disqualified Stock) pursuant to an
agreement that requires the registration of the resale of such Capital Stock (or
Capital Stock issued upon conversion thereof) contemporaneously with the
issuance thereof or as soon as practical thereafter.

         In the case of any partial redemption, selection of the Securities for
redemption will be made by the Trustee (subject to DTC procedures) on a pro rata
basis, by lot or by such other method as the Trustee, in its sole discretion,
shall deem to be fair and appropriate (and which complies with applicable legal
and securities exchange requirements), although no Security of $1,000 in
original principal amount or less will be redeemed in part. In the case of any
partial redemption made with the proceeds of a Public Equity Offering, selection
of the Securities for redemption will be made by the Trustee on a pro rata basis
or on as nearly a pro rata basis as is practicable (subject to DTC procedures),
unless such method is otherwise prohibited. If any Security is to be redeemed in
part only, the notice of redemption relating to such Security shall state the
portion of the principal amount thereof to be redeemed. Subject to DTC
procedures, a new Security in principal amount equal to the unredeemed portion
thereof will be issued in the name of the Holder thereof upon cancellation of
the original Security.

6.  NOTICE OF REDEMPTION

         A notice of redemption will be mailed at least 30 days but not more
than 60 days before the redemption date to each Holder of Securities to be
redeemed at such Holder's registered address. Securities in denominations larger
than $1,000 may be redeemed in part but only in whole multiples of $1,000. If
money sufficient to pay the redemption price of and accrued interest on all
Securities (or portions thereof) to be redeemed on the redemption date is
deposited with the Paying Agent on or before the redemption date and certain
other conditions are satisfied, on and after such date interest ceases to accrue
on such Securities (or such portions thereof) called for redemption.

7.  PUT PROVISIONS

         Upon a Change of Control, any Holder of Securities will have the right,
subject to certain conditions, to cause the Company to repurchase all or any
part of the Securities of such Holder at a repurchase price equal to 101% of the
principal amount of the Securities to be repurchased plus accrued interest to
the date of repurchase (subject to the right of holders of record on the
relevant Record Date to receive interest due on the related interest payment
date) as provided in, and subject to the terms of, the Indenture.

                                       3
<PAGE>

8.  SUBORDINATION

         The Securities are subordinated to Senior Indebtedness, as defined in
the Indenture, and the Guarantees are subordinated to Senior Indebtedness of the
Guarantors, as defined in the Indenture. To the extent provided in the
Indenture, Senior Indebtedness or Senior Indebtedness of Subsidiary Guarantors
must be paid before the Securities may be paid. The Company and the Guarantors
agree, and each Holder by accepting a Security agrees, to the subordination
provisions contained in the Indenture and authorizes the Trustee to give effect
to such provisions and appoints the Trustee as attorney-in-fact for such
purpose.

9.  DENOMINATIONS; TRANSFER; EXCHANGE

         The Securities are in registered form without coupons in denominations
of $1,000 and whole multiples of $1,000. A Holder may transfer or exchange
Securities in accordance with the Indenture. The Registrar may require a Holder,
among other things, to furnish appropriate endorsements or transfer documents
and to pay any taxes and fees required by law or permitted by the Indenture. The
Registrar need not register the transfer of or exchange any Securities selected
for redemption (except, in the case of a Security to be redeemed in part, the
portion of the Security not to be redeemed) or any Securities for a period of 15
days before a selection of Securities to be redeemed or 15 days before an
interest payment date.

10. PERSONS DEEMED OWNERS

         The registered Holder of this Security may be treated as the owner of
it for all purposes.

11. UNCLAIMED MONEY

         If money for the payment of principal or interest remains unclaimed for
two years, the Trustee or Paying Agent shall pay the money back to the Company
at its request unless an abandoned property law designates another Person. After
any such payment, Holders entitled to the money must look only to the Company
and not to the Trustee for payment.

12. DISCHARGE AND DEFEASANCE

         Subject to certain conditions, the Company at any time may terminate
some or all of its obligations under the Securities and the Indenture if the
Company deposits with the Trustee payment of principal and interest on the
Securities to redemption or maturity, as the case may be.

13. AMENDMENT, WAIVER

         Subject to certain exceptions set forth in the Indenture, (i) the
Indenture or the Securities may be amended with the written consent of the
Holders of at least a majority in principal amount outstanding of the Securities
and (ii) any default or noncompliance with any provision may be waived with the
written consent of the Holders of a majority in principal amount outstanding of
the Securities. Subject to certain exceptions set forth in the Indenture,
without the consent of any Holder, the Company and the Trustee may amend the
Indenture or the Securities to cure any ambiguity, omission, defect or
inconsistency, or to comply with Article 5

                                       4
<PAGE>

of the Indenture, or to provide for uncertificated Securities in addition to or
in place of certificated Securities, or to add guarantees with respect to the
Securities or to secure the Securities, or to add additional covenants or
surrender rights and powers conferred on the Company, or to comply with any
request of the Commission in connection with qualifying the Indenture under the
Act, or to make certain changes in the subordination provisions, or to make any
change that does not adversely affect the rights of any Holder.

14. DEFAULTS AND REMEDIES

         Under the Indenture, Events of Default include (i) default for 30 days
in payment of interest on the Securities; (ii) default in payment of principal
on the Securities at maturity, upon redemption, upon declaration of acceleration
or otherwise, or failure by the Company and the Guarantors to redeem or purchase
Securities when required; (iii) failure by the Company or the Guarantors to
comply with the provisions of Section 5.01 of the Indenture; (iv) failure by the
Company, the Parent Guarantor or any Restricted Subsidiary to comply with
certain other sections of the Indenture; (v) failure by the Company, the Parent
Guarantor or any Restricted Subsidiary to comply with other agreements in the
Indenture or the Securities, in certain cases subject to notice and lapse of
time; (vi) certain accelerations (including failure to pay within any grace
period after final maturity) of other Indebtedness of the Company if the amount
accelerated (or so unpaid) exceeds $10 million and continue for 10 days; (vii)
certain events of bankruptcy or insolvency with respect to the Company, any
Guarantor or any Foreign Significant Subsidiary; (viii) certain judgments or
decrees for the payment of money in excess of $10 million; and (ix) the Parent
Guarantee or any Subsidiary Guarantee is held unenforceable or invalid or
ceasing to be in full force and effect. If an Event of Default (other than an
Event of Default specified in (vii) above) occurs and is continuing, the Trustee
or the Holders of at least 25% in principal amount of the Securities may, by
notice to the Company and, in the case of such Holders, to the Trustee, declare
the principal amount of and accrued interest on the Securities to be due and
payable immediately upon the occurrence of such Events of Default.

         Holders may not enforce the Indenture or the Securities except as
provided in the Indenture. The Trustee may refuse to enforce the Indenture or
the Securities unless it receives reasonable indemnity or security. Subject to
certain limitations, Holders of a majority in principal amount of the Securities
may direct the Trustee in its exercise of any trust or power. The Trustee may
withhold from Holders notice of any continuing Default (except a Default in
payment of principal or interest) if it determines that withholding notice is in
the interest of the Holders.

15. TRUSTEE DEALINGS WITH THE COMPANY

         Subject to certain limitations imposed by the Act, the Trustee, in its
individual or any other capacity, may become the owner or pledgee of Securities
and may otherwise deal with and collect obligations owed to it by the Company or
its Affiliates and may otherwise deal with the Company or its Affiliates with
the same rights it would have if it were not Trustee.

                                       5
<PAGE>

16. NO RECOURSE AGAINST OTHERS

         A director, officer, employee or stockholder, as such, of the Company,
any Guarantor or the Trustee shall not have any liability for any obligations of
the Company, any Guarantor or the Trustee under the Securities or the Indenture
or for any claim based on, in respect of or by reason of such obligations or
their creation. By accepting a Security, each Holder waives and releases all
such liability. The waiver and release are part of the consideration for the
issue of the Securities.

17. AUTHENTICATION

         This Security shall not be valid until an authorized signatory of the
Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this Security.

18. ABBREVIATIONS

         Customary abbreviations may be used in the name of a Holder or an
assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the
entireties), JT TEN (=joint tenants with rights of survivorship and not as
tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors
Act).

19. CUSIP NUMBERS

         Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures the Company has caused CUSIP numbers to be
printed on the Securities and has directed the Trustee to use CUSIP numbers in
notices of redemption as a convenience to Holders. No representation is made as
to the accuracy of such numbers either as printed on the Securities or as
contained in any notice of redemption and reliance may be placed only on the
other identification numbers placed thereon.

         THE COMPANY WILL FURNISH TO ANY HOLDER, UPON WRITTEN REQUEST AND
WITHOUT CHARGE TO THE HOLDER, A COPY OF THE INDENTURE WHICH HAS IN IT THE TEXT
OF THIS SECURITY IN LARGER TYPE. REQUESTS MAY BE MADE TO: UNITED STATES CAN
COMPANY, 900 COMMERCE DRIVE, OAK BROOK, ILLINOIS 60521, ATTENTION: CHIEF
FINANCIAL OFFICER.

                                       6
<PAGE>

            [FORM OF NOTATION ON EXCHANGE NOTE RELATING TO GUARANTEE]

                          SENIOR SUBORDINATED GUARANTEE

         U.S. CAN CORPORATION (the "Parent Guarantor") and MAY VERPACKUNGEN
HOLDING INC. (together with any other Subsidiary Guarantor, the "Subsidiary
Guarantors") have unconditionally guaranteed on a senior subordinated basis
(such guaranty by each Guarantor being referred to herein as the "Guarantee")
(i) the due and punctual payment of the principal of and interest on the
Securities, whether at maturity, by acceleration or otherwise, the due and
punctual payment of interest on the overdue principal and interest, if any, on
the Securities, to the extent lawful, and the due and punctual performance of
all other obligations of the Company to the Holders or the Trustee all in
accordance with the terms set forth in the Indenture and (ii) in case of any
extension of time of payment or renewal of any Securities or any of such other
obligations, that the same will be promptly paid in full when due or performed
in accordance with the terms of the extension or renewal, whether at stated
maturity, by acceleration or otherwise.

         The obligations of the Guarantors to the Holders and to the Trustee
pursuant to the Guarantee and the Indenture are expressly set forth and are
expressly subordinated and subject in right of payment to the prior payment in
full of all Senior Indebtedness of Guarantors to the extent and in the manner
provided in Article 11 of the Indenture, and reference is hereby made to such
Indenture for the precise terms of the Guarantee therein made.

         No director, officer, employee or stockholder, as such, of any of the
Guarantors shall have any liability under the Guarantee of such Guarantor by
reason of such person's status as director, officer, employee or stockholder.
Each Holder of a Security by accepting a Security waives and releases all such
liability. The waiver and release are part of the consideration for the issuance
of the Guarantee.

         The Guarantee shall not be valid or obligatory for any purpose until
the certificate of authentication on the Securities upon which the Guarantee is
noted shall have been executed by the Trustee under the Indenture by the manual
signature of one of its authorized signatories.

                                   U.S. CAN CORPORATION

                                   By:
                                      -----------------------------------------
                                      Name:
                                      Title:

                                   MAY VERPACKUNGEN HOLDING INC.

                                   By:
                                      -----------------------------------------
                                      Name:
                                      Title:

<PAGE>

                                 ASSIGNMENT FORM

To assign this Security, fill in the form below:

I or we assign and transfer this Security to

-------------------------------------------------------------------------------
(Print or type assignee's name, address and zip code)

-------------------------------------------------------------------------------
(Insert assignee's soc. sec. or tax I.D. No.)

and irrevocably appoint
                       --------------------------------------------------------
as agent to transfer this Security on the books of the Company. The agent may
substitute another to act for him.

Date:             Your Signature:
      --------                   ----------------------------------------------

-------------------------------------------------------------------------------
Sign exactly as your name appears on the other side of this Security.

Signature Guaranty:
                   ------------------------------------------------------------
                   (Signature must be guaranteed by a member firm of the New
                   York Stock Exchange or a commercial bank or trust company)

<PAGE>

                      [TO BE ATTACHED TO GLOBAL SECURITIES]

              SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

         The following increases or decreases in this Global Security have been
made:

<TABLE>
<CAPTION>
                                                                           PRINCIPAL AMOUNT [AT
                                                                           MATURITY] OF THIS
                       AMOUNT OF DECREASE        AMOUNT OF INCREASE        GLOBAL SECURITY           SIGNATURE OF
                       IN PRINCIPAL AMOUNT       IN PRINCIPAL AMOUNT       FOLLOWING SUCH            AUTHORIZED OFFICER OF
                       [AT MATURITY] OF THIS     [AT MATURITY] OF THIS     DECREASE OR               TRUSTEE OR SECURITIES
  DATE OF EXCHANGE     GLOBAL SECURITY           GLOBAL SECURITY           INCREASE                  CUSTODIAN

<S>                    <C>                       <C>                       <C>                       <C>

</TABLE>

<PAGE>

                       OPTION OF HOLDER TO ELECT PURCHASE

         If you want to elect to have this Security purchased by the Company
pursuant to Section 4.06 or 4.08 of the Indenture, check the box: |_|

         If you want to elect to have only part of this Security purchased by
the Company pursuant to Section 4.06 or 4.08 of the Indenture, state the amount:
$_________________

Date:
      ---------------           -----------------------------------------------
                                (Sign exactly as your name appears on the other
                                side of the Security)

Signature Guaranty:
                                -----------------------------------------------
                                (Signature must be guaranteed by a member firm
                                of the New York Stock Exchange or a commercial
                                bank or trust company)<PAGE>

                                                                   Exhibit 10.20

                               EMPLOYEE AGREEMENT

         THIS EMPLOYEE AGREEMENT (this "Agreement") made and entered into this
4th day of October, 2000, by and between David Ford (the "Employee") and United
States Can Company, a Delaware corporation (the "Employer") having its principal
offices at 900 Commerce Drive, Oak Brook, Illinois 60523.

                                 WITNESSETH THAT

         WHEREAS, the Employee is entrusted with knowledge of the Employer's and
Affiliates' particular business methods and is trained and instructed in the
Employer's and Affiliates' particular operations methods;

         WHEREAS, the Employee is entrusted with one or more of the following:
manufacturing technology; operating procedures; purchasing information; cost
data; price data; and customer-specific information and data; and

         WHEREAS, entering into this Agreement is a condition of receiving an
option to purchase shares of stock of U.S. Can Corporation.

         NOW, THEREFORE, in consideration of the foregoing premises, the mutual
covenants contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

         1. RESTRICTIVE COVENANTS. During the term of employment and for a
period of 24 months, or for a period of time equal to the length of the
Employee's tenure with the Employer (if such tenure is less than 24 months),
after the employment relationship has been terminated for any reason, the
Employee will not: (a) directly or indirectly on behalf of any other individual
or entity, solicit or provide any services also provided by the Employer or any
Affiliate to any individual or entity who is then or was at any time a client of
the Employer and for whose account the Employee was responsible, in whole or in
any part, at any time during the Employee's tenure with the Employer and the
Affiliates or (b) directly or indirectly, own, manage, operate, control, be
employed by, participate in, or be connected in any manner with the ownership,
management, operation or control of any business of the type and character in
which the Employee was engaged on behalf of the Employer or any Affiliate which
operates in the United States or Canada. At all times during and after
employment with the Employer, the Employee will not use or disclose any trade
secret of the Employer or any Affiliate or any proprietary or confidential
information or data of the Employer or any Affiliate, including, without
limitation, the Employer's or Affiliate's manufacturing technology, cost data,
price data, customer lists, customer information and the other matters specified
in paragraph 2 for the Employee's personal benefit, directly or indirectly, or
in any way which could be detrimental to the Employer or any Affiliate. For
purposes of this Agreement, the term "Affiliate" shall mean the Employer and any
of its "affiliates" as that term is defined in the Securities Exchange Act of
1934 as amended.

         2. EMPLOYER'S INFORMATION. The Employer and the Affiliates are in the
business of container manufacturing and related businesses including, without
limitation, aerosol containers;

<PAGE>

paint, plastic and general line containers; and custom and specialty products.
The Employee acknowledges that: (i) the Employer's and Affiliates' manufacturing
technology is highly evolved; (ii) the Employer's and Affiliates' purchasing
practices and cost data are not generally known in the packaging industry; (iii)
the Employer and the Affiliates have a proprietary interest in the identity of
their customers and their customer lists and in their efforts to identify
potential customers; and (iv) documents and information regarding the Employer's
and the Affiliates' manufacturing methods, sales, pricing, costs and the
requirements of the Employer's and the Affiliates' customers are confidential
and constitute trade secrets.

         3. RESTRICTION ACKNOWLEDGMENT. The Employee further acknowledges that:
(1) in the event the Employee's employment with the Employer terminates for any
reason, the Employee will be able to earn a livelihood without violating the
restrictive covenants contained in this Agreement; and (2) the Employee's
ability to earn a livelihood without violating such covenants is a material
condition to the Employee's receipt of an option to purchase shares of stock of
U.S. Can Corporation.

         4. OTHER AGREEMENTS. It is expressly understood and agreed that no
change, at any time, in compensation which may be given to the Employee and no
change, at any time, in the nature of services to be performed by the Employee,
shall amend, impair or otherwise affect any of this Agreement's terms or
provisions. This Agreement may be amended only by a written document signed by
the parties.

         5. WAIVER. Any failure of the Employer to demand rigid adherence to one
or more of this Agreement's terms on one or more occasions, shall not be
construed as a waiver nor deprive the Employer of the right to insist upon
strict compliance.

         6. SEVERABILITY. If any one or more of the provisions of this Agreement
should be ruled wholly or partially invalid or unenforceable by an arbitrator in
accordance with the procedures set forth in paragraph 15 or a court of competent
jurisdiction, then (i) the validity and enforceability of all provisions of this
Agreement not ruled to be invalid or unenforceable shall be unaffected, and (ii)
the provision(s) held wholly or partially invalid or unenforceable shall be
deemed amended and such court is authorized to reform the provision(s), to the
minimum extent necessary to render them valid and enforceable in conformity with
the parties' intent as manifested herein.

         7. REMEDIES. If the Employee shall violate or attempt to violate any of
the restrictive covenants contained in this Agreement, then the Employer or the
affected Affiliate shall be entitled, as of right, to an injunction and/or other
equitable relief against the Employee, restraining the Employee from violating
or attempting to violate any of said covenants.

         8. SURVIVAL. Notwithstanding any employment termination, this Agreement
shall remain a valid and enforceable contract between the parties, including
(without limitation) this Agreement's restrictive covenants.

         9. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and
inure to the benefit of the Employer and its Affiliates and the Employee and
their respective successors and assigns.

                                       2
<PAGE>

         10. APPLICABLE LAW. This Agreement shall be governed by and construed
in accordance with the laws of the State of Illinois, without regard to its
conflicts of law principles.

         11. WARRANTY/AGREEMENT. Unless previously disclosed to the Employer in
writing, the Employee represents and warrants to the Employer that the Employee
is not a party to any agreement (other than an agreement with an Employer or an
Affiliate) which contains a covenant-not-to-compete or other restriction with
respect to: (i) the nature of any services or business which the Employee is
entitled to perform or conduct for Employer or its Affiliate; or (ii) the
disclosure or use of any information which directly or indirectly relates to the
nature of the business of the Employer and Affiliates or the services to be
rendered by the Employee for Employer or its Affiliate. THE EMPLOYEE AGREES NOT
TO USE OR DISCLOSE ANY CONFIDENTIAL OR PROPRIETARY INFORMATION OR DATA OF ANY
FORMER EMPLOYER OR OTHER THIRD PARTY IN CONNECTION WITH THE EMPLOYEE'S
EMPLOYMENT BY THE EMPLOYER.

         12. WORK-FOR-HIRE PROVISION. "Inventions" mean all systems, procedures,
techniques, manuals, data bases, plans, lists, inventions, trade secrets,
copyrights, patents, trademarks, discoveries, innovations, concepts, ideas and
software conceived, compiled or developed by the Employee in the course of
employment with the Employer and/or comprised, in whole or part, of the
Employer's and the Affiliates' confidential information. Notwithstanding the
foregoing, Inventions shall not include (a) any inventions independently
developed by the Employee and not derived, in whole or part, from any Employer
or Affiliate's confidential information, or (b) any invention made by the
Employee prior to the Employee's exposure to any confidential information. The
parties acknowledge and agree that all work performed by the Employee hereunder
shall be deemed "work for hire." The Employer shall at all times own and have
exclusive right, title and interest in and to all Employer and the Affiliates'
confidential information and Inventions, and the Employer shall retain the
exclusive right to license, sell, transfer and otherwise use and dispose of the
same. Any and all enhancements of the Employer's and the Affiliates'
manufacturing technology developed by the Employee shall be the exclusive
property of the Employer. The employee hereby assigns to the Employer the
Employee's sole and exclusive right, title and interest in and to all
Inventions, without additional consideration of any kind whatsoever from the
Employer or the Affiliates. The Employee agrees to execute and deliver any
instruments or documents and to do all other things (including, without
limitation, the giving of testimony) requested by the Employer (both during and
after the Employee's employment by the Employer) in order to vest more fully in
the Employer or the Affiliates all ownership rights in the Inventions
(including, without limitation, obtaining patent, copyright to trademark
protection therefor in the U.S. and/or foreign countries).

         13. RETURN OF INFORMATION. Following the Employee's termination of
employment with the Employer and the Affiliates, the Employee agrees to return
to the Employer and the Affiliates any keys, credit cards, passes, confidential
documents or material, or other property belonging to the Employer or the
Affiliates, and to return all writing, files, records, correspondence,
notebooks, notes and other documents and things (including any copies thereof)
containing any trade secrets relating to the Employer and the Affiliates. For
purposes of the preceding sentence, the term "trade secrets" shall have the
meaning ascribed to it under the Illinois Trade Secrets Act or, if such act is
repealed, the Uniform Trade Secrets Act.

                                       3
<PAGE>

         14. NOTICES. Notices and all other communications provided for in this
Agreement shall be in writing and shall be (i) delivered personally, (ii) sent
by certified mail, postage prepaid (provided that international mail shall be
sent via overnight or two-day delivery), (iii) sent by facsimile (provided that
transmission by facsimile shall be effective only if accompanied by depositing a
hard copy for delivery to the address specified below, postage prepaid (in the
case of mailing in the U.S., by U.S. mail, and in the case of mailing outside
the U.S. by mailing via overnight or two-day delivery)), or (iv) sent by prepaid
overnight courier to the parties at the addresses set forth below (or such other
addresses as shall be specified by the parties like notice). Such notices,
demands, claims and other communications shall be deemed given:

         (a) in the case of delivery by overnight service with guaranteed next
day delivery, the next day or the day designated by delivery;

         (b) in the case of certified or registered U.S. mail, five days after
deposit in the U.S. mail; or

         (c) in the case of facsimile, the date upon which the transmitting
party received confirmation of transmission and deposited a hard copy of such
notice in the mail.

provided, however, that in no event shall any such communications be deemed to
be given later than the date they are actually received. Communications that are
to be delivered by the U.S. mail or by overnight service are to be delivered to
the addresses set forth below:

to the Employer by mail:

         United States Can Company
         900 Commerce Drive
         Oakbrook, Illinois 60523
         Attention: General Counsel

to the Employer by facsimile:

         630/572-0822

To Employee:

         at the address of the Employee as set forth in the payroll records at
the Employer.

         15. ARBITRATION OF ALL DISPUTES. Any dispute as to any claim under this
Agreement (including, without limitation, disputes arising under Title VII of
the Civil Rights Act of 1964 as amended, the Civil Rights Act of 1991, and the
Age Discrimination in Employment Act) shall be settled by arbitration in
Chicago, Illinois by an arbitrator, who shall be appointed pursuant to the rules
of the American Arbitration Association. The arbitration shall be conducted
promptly and expeditiously in accordance with the National Rules for Resolution
of Employment Disputes of American Arbitration Association. Any award issued as
a

                                       4
<PAGE>

result of such arbitration shall be final and binding on the parties, and
judgment upon the award rendered by the arbitrators may be entered in any court
having jurisdiction thereof; provided, however, that any award issued as a
result of arbitration shall be reviewable de novo by a court of competent
jurisdiction for errors of law. Notwithstanding the foregoing, the parties
hereto shall not be entitled to, and no award shall include in whole or in part,
punitive damages or exemplary damages. This paragraph 15 shall not be construed
to limit the Employer's or an Affiliate's right to obtain relief under paragraph
7 with respect to any matter or controversy subject to paragraph 7, and the
Employer shall be entitled to obtain any such relief by direct application to
state, federal, or other applicable court, without being required to first
arbitrate such matter or controversy.

                                       5
<PAGE>

         16. IN WITNESS WHEREOF, the parties have caused this Agreement to be
duly executed on the day and year first above written.

                                   UNITED STATES CAN COMPANY

                                   By /s/ John L. Workman
                                      -----------------------------------------
                                      Its:
                                          -------------------------------------

                                   EMPLOYEE

                                   /s/ David Ford
                                   --------------------------------------------

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