SEC Contract Filing

Filing Date: 2019-05-28

Document Content:
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<TYPE>EX-10.18
<SEQUENCE>3
<FILENAME>d722735dex1018.htm
<DESCRIPTION>EX-10.18
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<TITLE>EX-10.18</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 10.18 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MULTI-COLOR CORPORATION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NONQUALIFIED STOCK OPTION AGREEMENT </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>T<SMALL>HIS</SMALL> N<SMALL>ONQUALIFIED</SMALL> S<SMALL>TOCK</SMALL> O<SMALL>PTION</SMALL> A<SMALL>GREEMENT</SMALL></B><SMALL></SMALL> is
made and entered into and effective as of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>, 2017</B> by and between <B>M<SMALL>ULTI</SMALL>-C<SMALL>OLOR</SMALL>
C<SMALL>ORPORATION</SMALL></B><SMALL></SMALL> (the &#147;<B>Company</B>&#148;), an Ohio corporation, and &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(&#147;<B>Optionee</B>&#148;), an employee of the Company. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>R<SMALL>ECITALS</SMALL>: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>A. </B>The Company&#146;s Board of Directors has adopted the Multi-Color Corporation Amended and Restated 2012 Stock Incentive Plan
(<B>&#147;Plan&#148;</B>) to promote the interests of the Company and its shareholders by encouraging selected officers and key employees to acquire or increase their ownership of the Company&#146;s Common Stock. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>B. </B>The Company believes that such investments should provide an incentive for such persons to utilize maximum effort for the continued
success and growth of the Company, and enhance the Company&#146;s ability to attract and retain valuable and capable officers and key employees such as Optionee. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>C.</B> The Plan was approved at the Company&#146;s Annual Meeting of Shareholders held August&nbsp;8, 2012. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>D.</B> Capitalized terms used but not otherwise defined herein shall have the respective meanings specified in the Plan. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>A<SMALL>GREEMENT</SMALL>: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>N<SMALL>OW</SMALL>, T<SMALL>HEREFORE</SMALL></B><SMALL><B></B></SMALL><B>,</B> the parties hereby agree as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>1. G<SMALL>RANT</SMALL> <SMALL>OF</SMALL> O<SMALL>PTION</SMALL>. </B>The Company hereby grants to Optionee the right and option to purchase
(&#147;<B>Option</B>&#148;) all or any part of an aggregate of<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </B>Common Shares (&#147;<B>Option Shares</B>&#148;) on the
terms and conditions herein set forth, subject to adjustment as provided herein, at a purchase price of <B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </B>per share
(&#147;<B>Option Price</B>&#148;). The Option Price is considered by the Company and Optionee to be the Fair Market Value of the Common Stock on the date hereof, which is the date on which the Option was granted to Optionee (&#147;<B>Option
Date</B>&#148;). This Option is intended to be a <FONT STYLE="white-space:nowrap">Non-qualified</FONT> Stock Option and not an Incentive Stock Option within the meaning of Section&nbsp;422 of the Internal Revenue Code of 1986, as amended (the
&#147;<B>Code</B>&#148;). The grant of the Option is made in consideration of the services to be rendered by the Optionee to the Company and is subject to the terms and conditions of the Plan. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>2. T<SMALL>ERM</SMALL> <SMALL>AND</SMALL> T<SMALL>IME</SMALL> <SMALL>OF</SMALL> E<SMALL>XERCISE</SMALL> <SMALL>OF</SMALL>
O<SMALL>PTION</SMALL>.</B> This Option shall continue for a term ending 10 years from the Option Date, except as and to the extent such term may be reduced as provided in Sections 1 and 6 hereof (&#147;<B>Termination Date</B>&#148;). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>3. T<SMALL>IME</SMALL> <SMALL>OF</SMALL> E<SMALL>XERCISE</SMALL> <SMALL>OF</SMALL> O<SMALL>PTION</SMALL>.</B> Subject to the other terms and
conditions hereof, the right to exercise this Option shall accrue in installments as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B><I>3.1</I></B> Commencing one year after
the Option Date, Optionee may exercise this Option for up to 20% of the number of Option Shares. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B><I>3.2</I></B> Commencing two years
after the Option Date, Optionee may exercise this Option for up to 40% of the O