Common use of Compensation for Employment Clause in Contracts

Compensation for Employment. (a) The basic annual compensation of the Employee for his employment services to Tufco and to all of Tufco's subsidiaries and affiliated companies during the Employment Term shall be $200,000 (the "Salary"), which Tufco shall pay to the Employee in equal monthly installments. Tufco may adjust the salary upward on an annual basis as the Board may determine, but the Salary shall not be decreased. 2 (b) Commencing as of October 1, 1996 and continuing during the Employment Term, Tufco shall pay the Employee a bonus in accordance with this paragraph (b). For each fiscal year during the Employment Term, the Board, in its sole discretion, shall establish a budget for pre-tax income in accordance with generally accepted accounting principles consistently applied and the Employee's bonus will vary as a percentage of Salary in relation to the percentage achievement of that budget as follows: Percentage of Percentage of Salary Budget Attained Earned as Bonus ------------------------------------------- <85% 0% 85% 35% 90% 40% 100% 50% 110% 60% 120% 70% 130% 80% 140% 90% 150% 100% For a percentage of budget achievement between the benchmarks, the percentage of Salary shall be linearly interpolated, provided that no bonus shall be paid for achievement that constitutes less than 85% of the budget and the maximum bonus shall be 100% of Salary in any event. In the case of a partial fiscal year, Tufco shall adjust the bonus to correspond to Tufco's budget and the salary for the portion of the applicable fiscal year that shall be included in the Employment Term. (c) During the Employment Term, Tufco shall also provide the Employee with a $600 car allowance and health benefits consistent with those provided to other senior executives of Tufco. The Employee will be entitled to five (5) weeks of vacation for each year of the Employment Term. Tufco shall also reimburse the Employee for any reasonable business expenses incurred on Tufco's behalf in connection with the performance of his services during the Employment Term. (d) During the Employment Term and thereafter until the Employee attains age 65, the Company will include the Employee, his wife and his children under the age of twenty-five in whatever health care benefit plans that the Company generally provides to its senior executive officers from time to time, but only to the extent that the terms of such plans permit doing so. Tufco will cease covering the Employee's children upon the earlier of the child's attainment of the age 25 or graduation from college. (e) During the Employment Term, the Company will provide the Employee with term life insurance in the amount of $250,000. Upon termination of the Employment Term, the Company will provide the Employee with term life insurance in the amount of $125,000, until the Employee attains age 65.

Compensation for Employment. (a) The basic annual compensation of the Employee for his employment services to Tufco and to all of Tufco's subsidiaries and its affiliated companies during the Employment Term shall be $200,000 150,000 (the "Salary"), which Tufco shall pay to the Employee in equal monthly installmentsaccordance with its normal payroll policy. Tufco may adjust the salary Salary upward on an annual basis as the Board may determine, but the Salary shall not be decreased. 2. (b) Commencing as of October 1, 1996 1996, (the "Bonus Starting Date") and continuing during the Employment Term, Tufco shall pay the Employee a bonus in accordance with this paragraph (b). For each fiscal year during the Employment Term, the Board, in its sole discretion, shall establish a budget for pre-tax income in accordance with generally accepted accounting principles consistently applied ("GAAP") and the Employee's bonus will vary as a percentage of Salary in relation to the percentage achievement of that budget as follows: 2 Percentage of Percentage of Salary Budget Attained Earned as Bonus ------------------------------------------- <85% 0% 85% 35% --------------- --------------- Less than 90% 40% 100% 50% 110% 60% 120% 70% 130% 80% 140% 90% 150% 100% For a percentage of budget achievement between the benchmarks, the percentage of Salary shall be linearly interpolated, provided that no bonus shall be paid for achievement that constitutes less than 8590% of the budget and the maximum bonus shall be 100% of Salary in any event. In the case of a partial fiscal year, Tufco shall adjust the bonus to correspond to Tufco's budget and the salary for the portion of the applicable fiscal year that shall be included in the Employment Term. Notwithstanding the foregoing, the Employee's initial bonus period (the "Initial Bonus Period") shall be the period starting with October 1, 1996, and ending September 30, 1997, and Tufco shall use its budget for that period to determine the Employee's eligibility for a bonus, and then apply the applicable bonus percentage to that portion of the Employee's annual Salary that relates to the Initial Bonus Period. The Employee's second bonus period shall be the period beginning October 1, 1997 and ending with the last day of Tufco's fiscal year, and Tufco shall prepare a budget for that period and determine the Employee's eligibility for a bonus in the manner described for the Initial Bonus Period. (c) During the Employment Term, Tufco shall also provide the Employee with a $600 car allowance and health those fringe benefits consistent with those provided to other senior executives of Tufco. The Employee will be entitled to five that are specified on Exhibit "A" hereto (5) weeks of vacation for each year of the Employment Term"Fringe Benefits"). Tufco shall also reimburse the Employee for any reasonable business expenses incurred on Tufco's behalf in connection with the performance of his services during the Employment Term. (d) During the Employment Term and thereafter until the Employee attains age 65, the Company will include the Employee, his wife and his children under the age of twenty-five in whatever health care benefit plans that the Company generally provides to its senior executive officers from time to time, but only to the extent that the terms of such plans permit doing so. Tufco will cease covering the Employee's children upon the earlier of the child's attainment of the age 25 or graduation from college. (e) During the Employment Term, the Company will provide the Employee with term life insurance in the amount of $250,000. Upon termination of the Employment Term, the Company will provide the Employee with term life insurance in the amount of $125,000, until the Employee attains age 65.

Compensation for Employment. (a) The basic annual compensation of the Employee for his employment services to Tufco the Company and to all of Tufco's subsidiaries and its affiliated companies during the Employment Term shall be $200,000 (the "Salary"), which Tufco the Company shall pay to the Employee in equal monthly installmentsaccordance with its normal payroll policy. Tufco may adjust the salary upward on an annual basis as the Board may determine, but the Salary shall not be decreased. 2 2 (b) Commencing as of October September 1, 1996 1997 (the "Bonus Starting Date") and continuing during the Employment Term, Tufco the Company shall pay the Employee a bonus in accordance with this paragraph (b). For each fiscal year during the Employment Term, the Board, in its sole discretion, shall establish a budget for pre-tax income in accordance with generally accepted accounting principles consistently applied ("GAAP") and the Employee's bonus will vary as a percentage of Salary in relation to the percentage achievement of that budget as follows: Percentage of Budget Target Percentage of Salary Budget Attained Earned as Bonus ------------------------------------------- <85------------------------------------------------------- less than 80% 0% 8580%-90% 3510% 9090%-100% 20% 100%-110% 30% 110%-120% 40% 100% 50% 110% 60% 120% 70% 130% 80% 140% 90% 150% 100less than or equal to 50% For a percentage of budget achievement between the benchmarks, the percentage of Salary shall be linearly interpolated, provided that no bonus shall be paid for achievement that constitutes less than 8580% of the budget and the maximum bonus shall be 10050% of Salary in any event. In the case of a partial fiscal year, Tufco the Company shall adjust the bonus to correspond to Tufcothe Company's budget and the salary for the portion of the applicable fiscal year that shall be included in the Employment Term. Notwithstanding the foregoing, the Employee's initial bonus period (the "Initial Bonus Period") shall be the period starting with the Bonus Starting Date and ending September 1, 1998, and the Company shall use its budget for that period (a copy of which the Company has provided to the Employee) to determine the Employee's eligibility for a bonus, and then apply the applicable bonus percentage to that portion of the Employee's annual Salary that relates to the Initial Bonus Period. (c) During the Employment Term, Tufco the Company shall also provide the Employee with a $600 car allowance and health those fringe benefits consistent with those provided to other senior executives of Tufcothat are specified on Exhibit "A" hereto (the "Fringe Benefits"). The Employee will be entitled to five (5) weeks of vacation for each year of the Employment Term. Tufco Company shall also reimburse the Employee for any reasonable business expenses incurred on Tufcothe Company's behalf in connection with the performance of his services during the Employment Term. (d) During the Employment Term and thereafter until (i) HoloPak will grant to the Employee attains age 65under its Non-Qualified Stock Option Plan (the "Plan") options to purchase shares of Common Stock ("Options") for 100,000 shares of HoloPak Common Stock at an exercise price of $3.25 per share. The Options will vest and become exercisable in three equal installments as follows: (i) 33,334 shares on Marcx 0, the Company 0000, (xx) 00,333 shares on September 1, 1998 and (iii) 33,333 shares on March 1, 1999. The Options will include the Employee, his wife and his children under the age of twenty-five in whatever health care benefit plans that the Company generally provides be subject to its senior executive officers from time to time, but only to the extent that the terms of such plans permit doing so. Tufco will cease covering the Plan and an Option Grant Letter, a copy of which has been provided to the Employee's children upon the earlier of the child's attainment of the age 25 or graduation from college. (e) During the Employment Term, the Company will provide the Employee with term life insurance in the amount of $250,000. Upon termination of the Employment Term, the Company will provide the Employee with term life insurance in the amount of $125,000, until the Employee attains age 65.

Compensation for Employment. (a) The basic annual compensation of the Employee for his employment services to Tufco and to all of Tufco's subsidiaries and its affiliated companies during the Employment Term shall be $200,000 170,000 (the "“Salary"”), which Tufco shall pay to the Employee in equal monthly installmentsaccordance with its normal payroll policy. Tufco may adjust the salary Salary upward on an annual basis as the Board may determine, but the Salary shall not be decreased. 2. (b) Commencing as of October 1, 1996 and continuing during During the Employment Term, Tufco shall pay the Employee a bonus in accordance with this paragraph (b). For each fiscal year during the Employment Term, the Board, in its sole discretion, shall establish a budget target for pre-tax income in accordance with generally accepted accounting principles consistently applied (“GAAP”) and the Employee's ’s bonus will vary as a percentage of Salary in relation to the percentage achievement of that budget target as follows: Percentage of Percentage of Salary Budget Attained Earned as Bonus ------------------------------------------- <85Below 80% 00.0% 8580% 3514% 90% 4019% 100% 5024.5% 110% 6030% 120% 70% 130% 80% 140% 90% 150% 100and above 35% For a percentage of budget achievement between the benchmarks, the percentage of Salary shall be linearly interpolated, provided that no bonus shall be is paid for achievement that constitutes less than 8580% of the budget target and the maximum bonus shall be 10035% of Salary in any event. In the case of a partial fiscal year, Tufco shall adjust the bonus to correspond to Tufco's budget ’s target for pre-tax income and the salary Salary for the portion of the applicable fiscal year that shall be included in the Employment Term. Notwithstanding the foregoing, the Employee’s initial bonus period (the “Initial Bonus Period”) shall be the period starting with October 1, 2013 and ending September 30, 2014, and Tufco shall use its target for pre-tax income for that period to determine the Employee’s eligibility for a bonus, and then apply the applicable bonus percentage to that portion of the Employee’s annual Salary that relates to the Initial Bonus Period. Any bonus earned by the Employee with respect to a bonus period shall be paid to the Employee no later than March 15 of the year following the year in which the bonus period ended. (c) During the Employment Term, Tufco shall also provide the Employee with a $600 car allowance and health benefits consistent with those provided to other senior executives of Tufco. The Employee will be entitled to five (5) weeks of vacation for each year of the Employment Term. Tufco shall also reimburse the Employee for any reasonable business expenses incurred on Tufco's ’s behalf in connection with the performance of his services during the Employment Term. (d) During . Such reimbursement shall be made no later than the Employment Term and thereafter until the Employee attains age 65, the Company will include the Employee, his wife and his children under the age of twenty-five in whatever health care benefit plans that the Company generally provides to its senior executive officers from time to time, but only to the extent that the terms of such plans permit doing so. Tufco will cease covering the Employee's children upon the earlier end of the child's attainment of year following the age 25 year in which the underlying business expense was incurred. In addition, no reimbursement shall be subject to liquidation or graduation from college. (e) During the Employment Term, the Company will provide the Employee with term life insurance in exchange for another benefit and the amount of $250,000. Upon termination of the Employment Term, the Company will provide the Employee with term life insurance in available for reimbursement during any calendar year shall not affect the amount of $125,000, until the Employee attains age 65available for reimbursement in a subsequent calendar year.

Compensation for Employment. (a) The basic annual compensation of the Employee for his employment services to Tufco and to all of Tufco's subsidiaries and its affiliated companies during the Employment Term shall be $200,000 156,000 (the "“Salary"”), which Tufco shall pay to the Employee in equal monthly installmentsaccordance with its normal payroll policy. Tufco may adjust the salary Salary upward on an annual basis as the Board may determine, but the Salary shall not be decreased. 2. (b) Commencing as of October 1, 1996 2008 (the “Bonus Starting Date”) and continuing during the Employment Term, Tufco shall pay the Employee a bonus in accordance with this paragraph (b). For each fiscal year during the Employment Term, the Board, in its sole discretion, shall establish a budget for pre-tax income in accordance with generally accepted accounting principles consistently applied (“GAAP”) and the Employee's ’s bonus will vary as a percentage of Salary in relation to the percentage achievement of that budget as follows: Percentage of Budget Attained Percentage of Salary Budget Attained Earned as Bonus ------------------------------------------- <8579% 0and below 0.0 % 8580% 3520.0 % 90% 4027.5 % 100% 5035.0 % 110% 6042.5 % 120% 70% 130% 80% 140% 90% 150% 100and above 50.0 % For a percentage of budget achievement between the benchmarks, the percentage of Salary shall be linearly interpolated, provided that no bonus shall be is paid for achievement that constitutes less than 8580% of the budget and the maximum bonus shall be 10050% of Salary in any event. In the case of a partial fiscal year, Tufco shall adjust the bonus to correspond to Tufco's ’s budget and the salary for the portion of the applicable fiscal year that shall be included in the Employment Term. (c) During the Employment Term, Tufco shall also provide the Employee with a $600 car allowance and health those fringe benefits consistent with those provided to other senior executives of Tufco. The Employee will be entitled to five that are specified on Exhibit “A” hereto (5) weeks of vacation for each year of the Employment Term“Fringe Benefits”). Tufco shall also reimburse the Employee for any reasonable business expenses incurred on Tufco's ’s behalf in connection with the performance of his services during the Employment Term. (d) During the Employment Term and thereafter until the Employee attains age 65, the Company will include the Employee, his wife and his children under the age of twenty-five in whatever health care benefit plans that the Company generally provides to its senior executive officers from time to time, but only to the extent that the terms of such plans permit doing so. Tufco will cease covering the Employee's children upon the earlier of the child's attainment of the age 25 or graduation from college. (e) During the Employment Term, the Company will provide the Employee with term life insurance in the amount of $250,000. Upon termination of the Employment Term, the Company will provide the Employee with term life insurance in the amount of $125,000, until the Employee attains age 65.

Compensation for Employment. (a) The basic annual compensation of the Employee for his employment services to Tufco and to all of Tufco's subsidiaries and its affiliated companies during the Employment Term shall be $200,000 (the "“Salary"”), which Tufco shall pay to the Employee in equal monthly installmentsaccordance with its normal payroll policy. Tufco may adjust the salary Salary upward on an annual basis as the Board may determine, but the Salary shall not be decreased. 2. (b) Commencing as of October 1, 1996 and continuing during During the Employment Term, Tufco shall pay the Employee a bonus in accordance with this paragraph (b). For each fiscal year during the Employment Term, the Board, in its sole discretion, shall establish a budget target for pre-tax income in accordance with generally accepted accounting principles consistently applied (“GAAP”) and the Employee's ’s bonus will vary as a percentage of Salary in relation to the percentage achievement of that budget target as follows: Percentage of Percentage of Salary Budget Attained Earned as Bonus ------------------------------------------- <85Below 80% 00.0 % 8580% 3520 % 90% 4027.5 % 100% 5035 % 110% 6042.5 % 120% 70% 130% 80% 140% 90% 150% 100and above 50 % For a percentage of budget achievement between the benchmarks, the percentage of Salary shall be linearly interpolated, provided that no bonus shall be is paid for achievement that constitutes less than 8580% of the budget target and the maximum bonus shall be 10050% of Salary in any event. In the case of a partial fiscal year, Tufco shall adjust the bonus to correspond to Tufco's budget ’s target and the salary Salary for the portion of the applicable fiscal year that shall be included in the Employment Term. Notwithstanding the foregoing, the Employee’s initial bonus period (the “Initial Bonus Period”) shall be the period starting with October 1, 2011 and ending September 30, 2012, and Tufco shall use its target for that period to determine the Employee’s eligibility for a bonus, and then apply the applicable bonus percentage to that portion of the Employee’s annual Salary that relates to the Initial Bonus Period. Any bonus earned by the Employee with respect to a bonus period shall be paid to the Employee no later than March 15 of the year following the year in which the bonus period ended. (c) During the Employment Term, Tufco shall also provide the Employee with a $600 car allowance and health benefits consistent with those provided to other senior executives of Tufco. The Employee will be entitled to five (5) weeks of vacation for each year of the Employment Term. Tufco shall also reimburse the Employee for any reasonable business expenses incurred on Tufco's ’s behalf in connection with the performance of his services during the Employment Term. (d) During . Such reimbursement shall be made no later than the Employment Term and thereafter until the Employee attains age 65, the Company will include the Employee, his wife and his children under the age of twenty-five in whatever health care benefit plans that the Company generally provides to its senior executive officers from time to time, but only to the extent that the terms of such plans permit doing so. Tufco will cease covering the Employee's children upon the earlier end of the child's attainment of year following the age 25 year in which the underlying business expense was incurred. In addition, no reimbursement shall be subject to liquidation or graduation from college. (e) During the Employment Term, the Company will provide the Employee with term life insurance in exchange for another benefit and the amount of $250,000. Upon termination of the Employment Term, the Company will provide the Employee with term life insurance in available for reimbursement during any calendar year shall not affect the amount of $125,000, until the Employee attains age 65available for reimbursement in a subsequent calendar year.

Compensation for Employment. (a) The basic annual compensation of the Employee for his employment services to Tufco and to all of Tufco's ’s subsidiaries and affiliated companies during the Employment Term shall be $200,000 (the "“Salary"”), which Tufco shall pay to the Employee in equal monthly installments. Tufco may adjust the salary upward on an annual basis as the Board may determine, but the Salary shall not be decreased. 2. (b) Commencing as of October 1, 1996 and continuing during the Employment Term, Tufco shall pay the Employee a bonus in accordance with this paragraph (b). For each fiscal year during the Employment Term, the Board, in its sole discretion, shall establish a budget for pre-tax income in accordance with generally accepted accounting principles consistently applied and the Employee's ’s bonus will vary as a percentage of Salary in relation to the percentage achievement of that budget as follows: Percentage of Percentage of Salary Budget Attained Earned as Bonus ------------------------------------------- <85% 0% 85% 35% 90% 40% 100% 50% 110% 60% 120% 70% 130% 80% 140% 90% 150% 100% For a percentage of budget achievement between the benchmarks, the percentage of Salary shall be linearly interpolated, provided that no bonus shall be paid for achievement that constitutes less than 85% of the budget and the maximum bonus shall be 100% of Salary in any event. In the case of a partial fiscal year, Tufco shall adjust the bonus to correspond to Tufco's ’s budget and the salary for the portion of the applicable fiscal year that shall be included in the Employment Term. (c) During the Employment Term, Tufco shall also provide the Employee with a $600 car allowance and health benefits consistent with those provided to other senior executives of Tufco. The Employee will be entitled to five (5) weeks of vacation for each year of the Employment Term. Tufco shall also reimburse the Employee for any reasonable business expenses incurred on Tufco's ’s behalf in connection with the performance of his services during the Employment Term. (d) During the Employment Term and thereafter until the Employee attains age 65, the Company will include the Employee, his wife and his children under the age of twenty-five in whatever health care benefit plans that the Company generally provides to its senior executive officers from time to time, but only to the extent that the terms of such plans permit doing so. Tufco will cease covering the Employee's ’s children upon the earlier of the child's ’s attainment of the age 25 or graduation from college. (e) During the Employment Term, the Company will provide the Employee with term life insurance in the amount of $250,000. Upon termination of the Employment Term, the Company will provide the Employee with term life insurance in the amount of $125,000, until the Employee attains age 65.

Compensation for Employment. (a) The basic annual compensation of the Employee for all of his employment services rendered to Tufco and to all of Tufco's subsidiaries and its affiliated companies during the Employment Term shall be $200,000 165,000 (the "“Salary"”), which Tufco shall pay to the Employee in equal monthly installmentsaccordance with its normal payroll policies, and less applicable deductions. Tufco may adjust the salary Salary upward on an annual basis as the Board may determinedetermine in its discretion, but the Salary shall not be decreased. 2. (b) Commencing as of October 1March 27, 1996 2002 (the “Bonus Starting Date”) and continuing during the Employment Term, Tufco shall pay the Employee a bonus in accordance with this paragraph (b). For each fiscal year of Tufco during the Employment Term, the Board, in its sole discretion, shall establish a budget target for pre-tax income in accordance with generally accepted accounting principles consistently applied (“GAAP”), and the Employee's ’s bonus will vary as a percentage of Salary in relation to the percentage achievement of that budget target as follows: Percentage of Percentage of Salary Budget Target Attained Earned as Bonus ------------------------------------------- <8580% 0% 85% 3530 % 90% 4040 % 100% 5050 % 110% 6060 % 120% 7070 % 130% 8080 % 140% 9090 % 150% 100100 % For a percentage of budget target achievement between the above benchmarks, the percentage of Salary shall be linearly interpolated, provided that no bonus shall be paid for achievement that constitutes of less than 8580% of the budget target and the maximum bonus shall be 100% of Salary in any event. In Employee’s initial bonus period (the case “Initial Bonus Period”) shall be the period starting with March 27, 2002, and ending September 30, 2002, and Tufco shall use its annual budget pro-rated for that period to determine Employee’s eligibility for a bonus, and then apply the applicable bonus percentage to that portion of a partial Employee's annual Salary that relates to the Initial Bonus Period. Employee’s second bonus period shall be the period beginning October 1, 2002 and ending with the last day of Tufco’s 2003 fiscal year, Tufco shall adjust the . Any bonus to correspond to Tufco's budget and be paid under this paragraph (b) shall be payable following the salary for the portion close of the applicable fiscal year that shall be included at the time and in accordance with the Employment Termpractices generally followed by Tufco. (c) During the Employment Term, Tufco shall also provide the Employee with a the following “Fringe Benefits:” (i) A Tufco paid life insurance policy of $600 car allowance 250,000. (ii) Tufco paid medical, dental, visual and health wellness benefits consistent with those provided on the same terms these benefits are generally made available to other senior executives officers of Tufco. The Employee will be entitled . (iii) Golfing membership to five the Green Bay Country Club with monthly dues, assessments and business expenses paid by Tufco. (5iv) Vacation of four weeks of vacation for each year of the Employment Term. per year. (v) Tufco shall also reimburse the Employee for any reasonable business expenses incurred on Tufco's ’s behalf in connection with the performance of his services during the Employment TermTerm in accordance with Tufco policy. (dvi) During the Employment Term and thereafter until the Employee attains age 65, the Company will include the Employee, his wife and his children under the age of twenty-five in whatever health care benefit plans that the Company generally provides Such other benefits which Tufco may make available to its senior executive officers from time to time, but only to the extent that the terms of such plans permit doing so. Tufco will cease covering the Employee's children upon the earlier of the child's attainment of the age 25 or graduation from collegeofficers. (e) During the Employment Term, the Company will provide the Employee with term life insurance in the amount of $250,000. Upon termination of the Employment Term, the Company will provide the Employee with term life insurance in the amount of $125,000, until the Employee attains age 65.

Compensation for Employment. (a) The basic annual compensation of the Employee for his her employment services to Tufco the Company and to all of Tufco's subsidiaries and its affiliated companies during the Employment Term shall be $200,000 72,000 (the "Salary"), which Tufco the Company shall pay to the Employee in equal monthly installmentsaccordance with the normal payroll policy and in compliance with federal and state law. Tufco The Company may adjust the salary Salary upward on an annual basis as the Board may determinebasis, but the Salary shall not be decreased. 2. (b) Commencing as of October 1, 1996 on the date hereof (the "Bonus Starting Date") and continuing during the Employment Term, Tufco the Company shall pay the Employee a bonus in accordance with this paragraph (b4(b). For each fiscal year during the Employment Term, the BoardBoard of Directors, in its sole discretion, shall establish a budget for pre-tax pretax income in accordance with generally accepted accounting principles consistently applied ("GAAP") and the Employee's bonus will vary as a percentage of Salary in relation to the percentage achievement of that budget as follows: Percentage of Percentage of Salary Budget Attained Earned as Bonus ------------------------------------------- <85PERCENTAGE OF BONUS ATTAINED PERCENTAGE OF SALARY EARNED AS BONUS ---------------------------- ------------------------------------ less than 80% 0% 8580% 356.5% 90% 4013.0% 100% 5020.0% 110% 6026.5% 120% 70% 130% 80% 140% 90% 150% 100and above 33.0% For a percentage of budget achievement between the benchmarks, the percentage of the Salary shall be linearly interpolated, provided that no bonus shall be paid for achievement that constitutes less than 8580% of the budget and the maximum bonus shall be 10050% of Salary in any event. In the case of a partial fiscal year, Tufco the Company shall adjust the bonus to correspond to Tufcothe Company's budget and the salary Salary for the portion of the applicable fiscal year that shall be included in the Employment Termterm. Notwithstanding the foregoing, the Employee's initial bonus period (the "Initial Bonus Period") shall be the period starting with the Bonus Starting Date and ending on fiscal year ended June 30, 2000, and the Company shall use its budget for that period (a copy of which the Company has provided to the Employee) to determine the Employee's eligibility for a bonus, and then apply the applicable bonus percentage to that portion of the Employee's annual Salary that relates to the Initial Bonus Period. The Employee's second bonus period shall be the period beginning on July 1, 2000 and ending with the last day of the Company's fiscal year, and the Company shall prepare a budget for that period and determine the Employee's eligibility for a bonus in the manner described for the Initial Bonus Period. The bonus program shall continue with each extension of the Employment Term as defined in paragraph 3 hereof, with the bonus periods corresponding to the Company's fiscal year. Bonuses shall continue to be calculated as described in this paragraph. (c) During the Employment Term, Tufco the Company shall also provide the Employee with a $600 car allowance and health those fringe benefits consistent with those provided to other senior executives of Tufcospecified on Exhibit A (the "Fringe Benefits"). The Employee will be entitled to five (5) weeks of vacation for each year of the Employment Term. Tufco Company shall also reimburse the Employee for any reasonable business expenses incurred on Tufcothe Company's behalf in connection with the performance of his her services during the Employment Term. (d) During Employee with continue to be eligible for participation in Foilmark's Qualified Stock Option Plan (the Employment Term and thereafter until the Employee attains age 65, the Company will include the Employee, his wife and his children under the age of twenty-five in whatever health care benefit plans that the Company generally provides "Foilmark Plan") to its senior executive officers from time to time, but only to the extent that the terms of such plans permit doing so. Tufco will cease covering the Employee's children upon the earlier purchase shares of the childCompany's attainment of the age 25 or graduation from collegecommon stock, without par value, at an exercise price pursuant to and in accordance with such Foilmark Plan. (e) During the Employment Term, the Company will provide the Employee with term life insurance in the amount of $250,000. Upon termination of the Employment Term, the Company will provide the Employee with term life insurance in the amount of $125,000, until the Employee attains age 65.

Compensation for Employment. (a) The basic annual compensation of the Employee for his employment services to Tufco the Company and to all of Tufco's subsidiaries and its affiliated companies during the Employment Term shall be $200,000 167,000 (the "Salary"), which Tufco the Company shall pay to the Employee in equal monthly installmentsaccordance with the normal payroll policy and in compliance with federal and state law. Tufco The Company may adjust the salary Salary upward on an annual basis as the Board may determinebasis, but the Salary shall not be decreased. 2. (b) Commencing as of October 1, 1996 on the date hereof (the "Bonus Starting Date") and continuing during the Employment Term, Tufco the Company shall pay the Employee a bonus in accordance with this paragraph (b4(b). For each fiscal year during the Employment Term, the BoardBoard of Directors, in its sole discretion, shall establish a budget for pre-tax pretax income in accordance with generally accepted accounting principles consistently applied ("GAAP") and the Employee's bonus will vary as a percentage of Salary in relation to the percentage achievement of that budget as follows: Percentage of Percentage of Salary Budget Attained Earned as Bonus ------------------------------------------- <85PERCENTAGE OF BONUS ATTAINED PERCENTAGE OF SALARY EARNED AS BONUS ---------------------------- ------------------------------------ less than 80% 0% 8580% 3510% 90% 4020% 100% 5030% 110% 6040% 120% 70% 130% 80% 140% 90% 150% 100and above 50% For a percentage of budget achievement between the benchmarks, the percentage of the Salary shall be linearly interpolated, provided that no bonus shall be paid for achievement that constitutes less than 8580% of the budget and the maximum bonus shall be 10050% of Salary in any event. In the case of a partial fiscal year, Tufco the Company shall adjust the bonus to correspond to Tufcothe Company's budget and the salary Salary for the portion of the applicable fiscal year that shall be included in the Employment Termterm. Notwithstanding the foregoing, the Employee's initial bonus period (the "Initial Bonus Period") shall be the period starting with the Bonus Starting Date and ending on fiscal year ended June 30, 2000, and the Company shall use its budget for that period (a copy of which the Company has provided to the Employee) to determine the Employee's eligibility for a bonus, and then apply the applicable bonus percentage to that portion of the Employee's annual Salary that relates to the Initial Bonus Period. The Employee's second bonus period shall be the period beginning on July 1, 2000 and ending with the last day of the Company's fiscal year, and the Company shall prepare a budget for that period and determine the Employee's eligibility for a bonus in the manner described for the Initial Bonus Period. The bonus program shall continue with each extension of the Employment Term as defined in paragraph 3 hereof, with the bonus periods corresponding to the Company's fiscal year. Bonuses shall continue to be calculated as described in this paragraph. (c) During the Employment Term, Tufco the Company shall also provide the Employee with a $600 car allowance and health those fringe benefits consistent with those provided to other senior executives of Tufcospecified on Exhibit A (the "Fringe Benefits"). The Employee will be entitled to five (5) weeks of vacation for each year of the Employment Term. Tufco Company shall also reimburse the Employee for any reasonable business expenses incurred on Tufcothe Company's behalf in connection with the performance of his services during the Employment Term. (d) During Employee with continue to be eligible for participation in Foilmark's Qualified Stock Option Plan (the Employment Term and thereafter until the Employee attains age 65, the Company will include the Employee, his wife and his children under the age of twenty-five in whatever health care benefit plans that the Company generally provides "Foilmark Plan") to its senior executive officers from time to time, but only to the extent that the terms of such plans permit doing so. Tufco will cease covering the Employee's children upon the earlier purchase shares of the childCompany's attainment of the age 25 or graduation from collegecommon stock, without par value, at an exercise price pursuant to and in accordance with such Foilmark Plan. (e) During the Employment Term, the Company will provide the Employee with term life insurance in the amount of $250,000. Upon termination of the Employment Term, the Company will provide the Employee with term life insurance in the amount of $125,000, until the Employee attains age 65.

Compensation for Employment. (a) The basic annual rate of compensation of the Employee for his employment services to Tufco and to all of Tufco's subsidiaries and affiliated companies during the Employment Term Company hereunder shall be $200,000 the Employee's annual salary on the date hereof (the "Salary"), which Tufco the Company shall pay to the Employee in equal monthly installmentsinstallments in accordance with the Company's payroll payment schedule in effect from time to time. Tufco The Salary may adjust the salary be adjusted upward on an annual basis as the Board of Directors of the Company (the "Board") may determineapprove, in its sole discretion, from time to time, but the Salary shall not be decreased. 2. (b) Commencing as of October January 1, 1996 and continuing during the Employment Term1996, Tufco shall pay the Employee shall be entitled to a bonus or such other incentive compensation as may be provided under any plan or program established from time to time by the Board, in its sole discretion. Through December 31, 1995, the Employee shall be entitled to an annual bonus payable in accordance with this paragraph (b). For each fiscal year during the Employment Termterms of the Company's Executive Committee Incentive Program with respect to Pamarco Europe - 1993, with the following modification: for the period January 1 through December 31, 1995, the Board, in its sole discretion, shall establish a budget for pre-tax income of Pamarco Europe in accordance with generally accepted accounting principles consistently applied and the Employee's bonus will vary as a percentage of Salary in relation to the percentage achievement of that budget as follows: Percentage of Percentage of Salary Budget Attained Earned as Bonus ------------------------------------------- --------------------------------------------- <8590% 0% 8590% 10% 100% 20% 110% 30% 125% 35% 90% 40% 100% 50% 110% 60% 120% 70% 130% 80% 140% 90% 150% 100% For a percentage of budget achievement between the benchmarks, the percentage of Salary shall be linearly interpolated, provided that no bonus shall be paid for achievement that constitutes less than 8590% of the budget and the maximum bonus shall be 10035% of Salary in any event. In the case of a partial fiscal year, Tufco shall adjust the bonus to correspond to Tufco's budget and the salary for the portion of the applicable fiscal year that shall be included in the Employment Term. (c) During the Employment Term, Tufco the Company shall also provide provide, the Employee with a $600 car allowance and health fringe benefits consistent with those provided that are substantially equivalent to other senior executives of Tufco. The Employee will be entitled to five the fringe benefits specified on Exhibit "A" (5) weeks of vacation for each year of the Employment Term. Tufco shall also reimburse the Employee for any reasonable business expenses incurred on Tufco's behalf in connection with the performance of his services during the Employment Term"Fringe Benefits"). (d) During This Agreement provides the Employment Term and thereafter until total compensation that shall be due to the Employee attains age 65, the Company will include the Employee, his wife from Pamarco and his children under the age of twenty-five in whatever health care benefit plans that the Company generally provides any Affiliated Companies with respect to its senior executive officers from time to time, but only to the extent that the terms of such plans permit doing so. Tufco will cease covering the Employee's children upon the earlier of the child's attainment of the age 25 or graduation from college. (e) During the Employment Term, the Company will provide any services provided by the Employee with term life insurance in the amount of $250,000. Upon termination of the Employment Term, the Company will provide the Employee with term life insurance in the amount of $125,000, until the Employee attains age 65thereto.