AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.22
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement effective October 1,2010 by and among Pregis
Holding I Corporation, a Delaware corporation (“Pregis I”) and its wholly-owned subsidiaries,
Pregis Holding II Corporation, a Delaware corporation (“Pregis II”), and Pregis Corporation, a
Delaware corporation (“Pregis”) (Pregis I, Pregis II and Pregis, collectively, the “Employers”) and
Xxxxx Xxxxxxxx (“Executive”) hereby amends the Employment Agreement dated December 11,2007 among
Employers and Executive, as follows:
In Section 2(a) Base Compensation, the phrase “Employers shall pay to Executive as
base salary $325,000 per year” shall be deleted and replaced with “Employers shall pay to Executive
as base salary $400,000 per year”.
In addition, in Schedule A, Compensation Summary, the phrase “Target bonus of 40% of
base salary” shall be deleted and replaced by “Target bonus of 60% base salary).
All other terms and conditions of the Employment Agreement among Employers and Executive shall
remain unchanged and in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment to Employment Agreement as
of the date of the year first above written.
| EMPLOYERS: | EXECUTIVE: | |||||||||||||
| PREGIS HOLDING I CORPORATION | ||||||||||||||
By: Name: |
/s/ X.X XxXxxxxx
|
By: Name: |
/s/ Xxxxx Xxxxxxxx
|
|||||||||||
Title:
|
CFO | |||||||||||||
| PREGIS HOLDING II CORPORATION | ||||||||||||||
By: Name: |
/s/ X.X XxXxxxxx
|
|||||||||||||
Title:
|
CFO | |||||||||||||
| PREGIS CORPORATION | ||||||||||||||
By: Name: |
/s/ X.X XxXxxxxx
|
|||||||||||||
Title:
|
CFO | |||||||||||||
