SEC Contract Filing

Filing Date: 2021-08-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ptve-ex102_211.htm
<DESCRIPTION>EX-10.2
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:11pt;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.2</p>
<p style="margin-top:3pt;text-align:center;margin-bottom:0pt;margin-left:14.96%;margin-right:14.58%;text-indent:0%;color:#151515;font-weight:bold;font-size:11.5pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">EMPLOYMENT AGREEMENT</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:6.5pt;">&nbsp;</p>
<p style="margin-top:4pt;margin-bottom:0pt;margin-left:1.26%;text-indent:7.56%;color:#151515;font-size:11.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Employment<font style="letter-spacing:-0.05pt;"> </font>Agreement<font style="letter-spacing:-0.3pt;"> </font><font style="font-weight:bold;">("</font><font style="font-weight:bold;text-decoration:underline;">Agreement</font><font style="font-weight:bold;">")</font><font style="font-weight:bold;letter-spacing:-0.3pt;"> </font>dated<font style="letter-spacing:-0.95pt;"> </font>as<font style="letter-spacing:-0.8pt;"> </font>of<font style="letter-spacing:-0.7pt;"> </font>July<font style="letter-spacing:-0.9pt;"> </font>31,<font style="letter-spacing:-1.1pt;"> </font>2019,<font style="letter-spacing:-0.75pt;"> </font>between<font style="letter-spacing:-0.55pt;"> </font>Pactiv<font style="letter-spacing:-0.85pt;"> </font>LLC (the <font style="font-weight:bold;">"</font><font style="font-weight:bold;text-decoration:underline;">Company</font><font style="font-weight:bold;">") </font>and Tim Levenda<font style="letter-spacing:-1.85pt;"> </font><font style="font-weight:bold;">("</font><font style="font-weight:bold;text-decoration:underline;">Employee</font><font style="font-weight:bold;">").</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:7pt;">&nbsp;</p>
<p style="text-align:center;margin-top:4pt;margin-bottom:0pt;margin-left:14.82%;margin-right:14.58%;text-indent:0%;color:#151515;font-weight:bold;font-size:11.5pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">PRELIMINARY STATEMENT</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:left;margin-bottom:0pt;margin-top:0pt;margin-left:1.2%;margin-right:3.12%;text-indent:7.6%;font-weight:normal;font-style:normal;color:#151515;font-size:11.5pt;font-family:Arial;text-transform:none;font-variant: normal;letter-spacing:-0.05pt;"><font style="Background-color:#auto;text-decoration:none;">A.</font><font style="font-family:Times New Roman;margin-left:78pt;color:#000000;"></font><font style="font-family:Times New Roman;">Employee</font><font style="letter-spacing:-0.3pt;font-family:Times New Roman;"> </font><font style="font-family:Times New Roman;">is</font><font style="letter-spacing:-0.35pt;font-family:Times New Roman;"> </font><font style="font-family:Times New Roman;">currently</font><font style="letter-spacing:0.1pt;font-family:Times New Roman;"> </font><font style="font-family:Times New Roman;">employed</font><font style="letter-spacing:0.25pt;font-family:Times New Roman;"> </font><font style="font-family:Times New Roman;">by</font><font style="letter-spacing:-0.9pt;font-family:Times New Roman;"> </font><font style="font-family:Times New Roman;">the</font><font style="letter-spacing:-1.3pt;font-family:Times New Roman;"> </font><font style="font-family:Times New Roman;">Company</font><font style="letter-spacing:-0.4pt;font-family:Times New Roman;"> </font><font style="font-family:Times New Roman;">without</font><font style="letter-spacing:-0.7pt;font-family:Times New Roman;"> </font><font style="font-family:Times New Roman;">a</font><font style="letter-spacing:-0.6pt;font-family:Times New Roman;"> </font><font style="font-family:Times New Roman;">written</font><font style="letter-spacing:-0.9pt;font-family:Times New Roman;"> </font><font style="font-family:Times New Roman;">employment agreement.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:left;margin-bottom:0pt;margin-top:0pt;margin-left:1.2%;margin-right:2.5%;text-indent:7.55%;font-weight:normal;font-style:normal;color:#151515;font-size:11.5pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:-0.05pt;"><font style="Background-color:#auto;text-decoration:none;">B.</font><font style="font-size:11pt;margin-left:77pt;color:#000000;"></font>The<font style="letter-spacing:-1.1pt;"> </font>Company<font style="letter-spacing:0.5pt;"> </font>and Employee<font style="letter-spacing:-0.2pt;"> </font>desire<font style="letter-spacing:-0.3pt;"> </font>to<font style="letter-spacing:-0.9pt;"> </font>enter<font style="letter-spacing:-0.15pt;"> </font>into this<font style="letter-spacing:-0.5pt;"> </font>Agreement<font style="letter-spacing:0.1pt;"> </font>to<font style="letter-spacing:-0.75pt;"> </font>set<font style="letter-spacing:-0.8pt;"> </font>forth<font style="letter-spacing:-0.35pt;"> </font>their agreements regarding certain terms and conditions of Employee's<font style="letter-spacing:-0.9pt;"> </font>employment.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:8.83%;text-indent:0%;color:#151515;font-size:11.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW,