SEC Contract Filing

Filing Date: 2015-12-21

Document Content:
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<TYPE>EX-10.13.2
<SEQUENCE>2
<FILENAME>d64377dex10132.htm
<DESCRIPTION>EX-10.13.2
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<TITLE>EX-10.13.2</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXHIBIT 10.13.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>GREIF, INC. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT
NO. 2 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TO THE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2001 MANAGEMENT EQUITY INCENTIVE AND COMPENSATION PLAN </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The 2001 Management Equity Incentive and Compensation Plan (the &#147;Plan&#148;) is hereby amended pursuant to the following provisions: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Definitions</U>: For the purposes of the Plan and this amendment, all capitalized terms used in this amendment which are not otherwise
defined herein shall have the respective meanings given such terms in the Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <U>Amendments</U>: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Section&nbsp;6 of the Plan is hereby amended by adding the following subsections (l.) and (m.) after subsection (k.): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;(l.) <U>No Stock Option Repricing Without Shareholder Approval</U>. The exercise price per Share of any Stock Option granted under the
Plan shall not be changed or modified after the time such Stock Option is granted unless such change or modification is made with the prior approval of the holders of a majority of the shares of Class B Common Stock of the Company. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">(m.) <U>No Stock Option Repurchases Without Shareholder Approval</U>. The Committee shall not purchase Stock Options previously issued
pursuant to the Plan from Participants for a share price greater than the current fair market value per share unless such purchase is made with the prior approval of the holders of a majority of the shares of Class B Common Stock of the
Company.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Section&nbsp;25 of the Plan is hereby amended in its entirety to read as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman"><B></B>&#147;<B>Section 25. <U>Term of Plan</U>. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">No Award shall be granted pursuant to the Plan on or after the twentieth anniversary of the Effective Date, but Awards granted
prior to such twentieth anniversary may extend beyond that date.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. <U>Effective Date; Construction</U>: The effective date of this
amendment is March&nbsp;3, 2015 and this amendment shall be deemed to be part of the Plan as of such date. In the event of any inconsistencies between the provisions of the Plan and this amendment, the provisions of this amendment shall control.
Except as modified by this amendment, the Plan shall continue in full force and effect without change. </P>
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